Archives for July 2018

 

Markets  were up again today as the S&P 500 bounced off the Pink Line (10-day avg.) of 2809  to avoid a Short Term Sell Signal. Earnings are coming out and 2 more FAANG Stocks report this week (FaceBook tonite & Amazon tomorrow). Many Traders don’t want to Sell before those “Darlings” report.

The NASDAQ 100 INDEX is on Highs, mainly from the FAANG Stocks with an average P/E Ratio of 101.

Most recent Money Wave Buys are NOT POPPING well, indicating an Over-Bought Market. Money Wave Pops are better when the entire Markets pull-back down into the Green Zones.

Please be patient and WAIT for the Leaders to return back down to their Green Zones, for more Money Wave Buy Signals. 

Crude Oil  was up today at  $69.30. 

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The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.

 

BUYS TODAY    

SRPT    SEREPTA THERA.    Money Wave Buy today.   SRPT will not be logged, as the Volume is below Average.

We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

Money Wave Buys soon for:  

ECYT    ENDOCYTE, INC.

FOXA    21st CENTURY FOX   This would be a 2nd Buy at a lower price.

LULU    LULULEMON ATHLETICA

UAA    UNDER ARMOUR

 

Please be patient and wait for Money Wave Buy Signals.  We will email you when they are ready. Click on Watch List.

Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are still Way Above the Green Lines (all Investments eventually return to their Green Lines).

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SELLS TODAY    NONE TODAY

 

Please Check   PORTFOLIO  (Open Positions) and adjust your Sell Stops.

Click for  CLOSED POSITIONS.

Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).

Don’t Buy if the Investment has already popped up too much. Money Wave Buys are usually good for a 3-6 %  move in a few days. We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

Markets “Gapped Up” this morning on great Google Earnings, but the Small Caps and BioTechs later had some heavy Selling.

The S&P 500 is near the Pink Line of 2802. Closing below the Pink Line could create a Short Term Sell Signal.

Most recent Money Wave Buys are NOT POPPING well, indicating a Tired Market.

Please be patient and WAIT for the Leaders to return back down to their Green Zones, for more Money Wave Buy Signals. 

Crude Oil  was up today at  $68.50. 

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The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.

 

BUYS TODAY    NONE TODAY

 

Money Wave Buys soon for:  

I    INTELSAT GLOBAL    Money Wave must Close in the Green Zone.

LULU    LULULEMON ATHLETICA

SRPT    SEREPTA THERA.

UAA    UNDER ARMOUR

 

Please be patient and wait for Money Wave Buy Signals.  We will email you when they are ready. Click on Watch List.

Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are still Way Above the Green Lines (all Investments eventually return to their Green Lines).

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SELLS TODAY   

 

EXIT    CRC    CALIFORNIA  RESOURCES    if it is going to Close Below your Buy Price, or $39.51. 

LOWER the Sell Stop Loss on    FOXA    21st CENTURY FOX    to the Red Line ($44.42) on the Close, as FOXA is back down in the Green Zone.

EXIT    WTW    WEIGHT WATCHERS     if it is going to Close Below your Buy Price, or  $92.07. 

 

EXIT    ASNA    ASCENA RETAIL    if it is going to Close Below the Pink Line around $3.51.  This trade was not logged.

 

Please Check   PORTFOLIO  (Open Positions) and adjust your Sell Stops.

Click for  CLOSED POSITIONS.

Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).

Don’t Buy if the Investment has already popped up too much. Money Wave Buys are usually good for a 3-6 %  move in a few days. We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

Markets were  mixed again today, on more slow trading. The S&P 500 is near the Pink Line of 2800. Closing below the Pink Line could create a Short Term Sell Signal.

Most recent Money Wave Buys are NOT POPPING well, indicating a Tired Market.

Most of the Leaders are back up near the Red Zones (probably too late to Buy for the Short Term). 

Please be patient and WAIT for the Leaders to return back down to their Green Zones, for more Money Wave Buy Signals. 

Crude Oil  was down today at  $68.30. 

_____________________________________________________________________________________

The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.

 

BUYS TODAY    

DNR    DENBURY RESOURCES      Money Wave Buy today.  DNR will not be logged as it is already up 3% today and the Volume is below average.

We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

Money Wave Buys soon for:

  

I    INTELSAT GLOBAL    Money Wave must Close in the Green Zone.

XOP    OIL & GAS FUND    Money Wave must Close in the Green Zone.

 

Please be patient and wait for Money Wave Buy Signals.  We will email you when they are ready. Click on Watch List.

Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are still Way Above the Green Lines (all Investments eventually return to their Green Lines).

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SELLS TODAY   

 

EXIT    UAA    UNDER ARMOUR    if it is going to Close Below the Red Line around $21.43.

 

Please Check   PORTFOLIO  (Open Positions) and adjust your Sell Stops.

Click for  CLOSED POSITIONS.

Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).

Don’t Buy if the Investment has already popped up too much. Money Wave Buys are usually good for a 3-6 %  move in a few days. We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

Markets were  mixed today, on very slow trading. The S&P 500 is near the Pink Line of 2798. Closing below the Pink Line could create a Short Term Sell Signal.

Most of the Leaders are back up near the Red Zones (probably too late to Buy for the Short Term). 

Please be patient and WAIT for the Leaders to return back down to their Green Zones, for more Money Wave Buy Signals. 

Crude Oil  was down today at  $68.139.30. 

_____________________________________________________________________________________

The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.

 

BUYS TODAY    

ARQL   ARQULE, INC.     Money Wave Buy today.  ARQL will not be logged as the Volume is below average.

We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

Money Wave Buys soon for:

DNR    DENBURY RESOURCES   
XOP    OIL & GAS FUND    Money Wave must Close in the Green Zone.

 

Please be patient and wait for Money Wave Buy Signals.  We will email you when they are ready. Click on Watch List.

Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are still Way Above the Green Lines (all Investments eventually return to their Green Lines).

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SELLS TODAY   

 

EXIT    URBN    URBAN OUTFITTERS if it is going to Close Below your Buy Price, or $46.32.

 

Please Check   PORTFOLIO  (Open Positions) and adjust your Sell Stops.

Click for  CLOSED POSITIONS.

Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).

Don’t Buy if the Investment has already popped up too much. Money Wave Buys are usually good for a 3-6 %  move in a few days. We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

HAVE A NICE WEEKEND!