Markets “Gapped Up” today on optimistic Buying as the S&P 500 bounced up out of the Green Zone. Next Resistance is the Pink Line (10-day avg.) of 2780.
The Leaders are popping up out of the Green Zones for Money Wave Buy Signals. The best trades usually happen now when the S&P 500 Index is also coming up out of the Green Zone.
Please be patient and WAIT for Money Wave Buy Signals.
Crude Oil was up $0.75 today at $56.80.
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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
ODP OFFICE DEPOT INC. Long Term Buy today. Target is $5.91. EXIT if it is going to Close below the Green Line $3.01.
XLNX XILINX INC. Money Wave Buy today. Target is $130.00. EXIT if it is going to Close below Support of $116.57.
ACAD ARCADIA PHARM. Money Wave Buy today. ACAD will not be logged as the Volume is below average.
BA BOEING CO. Money Wave Buy today. BA will not be logged as the Relative Strength is Below 90.
ITUB ITAU UNIBANCO Medium Term Buy today. ITUB will not be logged as it is already up 4% today.
PBR PETROBRAS ENERGY Money Wave Buy today. PBR will not be logged as it is already up 6% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
AVP AVON PRODUCTS
CGC CANOPY GROWTH Money Wave must Close in the Green Zone.
CIEN CIENA CORP.
CYH COMMUNITY HEALTH Money Wave must Close in the Green Zone.
ITUB ITAU UNIBANCO Medium Term Buy soon
MRK MERCK & CO. 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 Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
LOWER AU ANGLOGOLD LTD. Sell Stop Loss to $12.35 on the Close. AU recently made a High with 96 Relative Strength.
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.