Markets dumped today as the S&P 500 FELL BELOW the Red Line (50-day avg.) and Support of 2872. That indicates that the Markets are weaker than many had expected, but the S&P 500 is now down in the Green Zone.
The FEAR Index (VIX) has jumped up 27% today, indicating that Tammy is buying Put options for further declines. Tammy is usually wrong.
The Strongest Leaders have corrected down enough for better Money Wave Buys soon. Try to Buy Investments that are holding Above the Red Lines (50-day avg.) as they should bounce better.
Bond prices have quit going down, as they are very Over-Sold. The 30 year T-Bond Yield is at 3.38%..
Crude Oil was down today at $74.80.
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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
CRON CRONOS GROUP Money Wave Buy today. CRON 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:
AMZN AMAZON.COM
BSX BOSTON SCIENTIFIC CORP.
LOW LOWES CO.
QCOM QUALCOMM, INC.
SQ SQUARE, INC. Money Wave must Close in the Green Zone.
TEAM ATLASSIAN CORP.
XLV HEALTH CARE 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
LOWER the Sell Stop Loss on AMD ADVANCED MICRO to the Green Line of $17.30 until Market bottoms. Relative Strength is still 99.
LOWER the Sell Stop Loss on ETP ENERGY TRANSFER LP to $20.74. Relative Strength is still 94.
LOWER the Sell Stop Loss on FDC FIRST DATA CORP. to the Green Line of $20.43 until Market bottoms. Relative Strength is still 99.
LOWER the Sell Stop Loss on ROKU ROKU INC. to the Green Line of $44.14 until Market bottoms. Relative Strength is still 99.
LOWER the Sell Stop Loss on VKTX VIKING THERA. to the Green Line of $8.22 until Market bottoms. Relative Strength is still 99.
LOWER the Sell Stop Loss on TNDM TANDEM DIABETICS to the Green Line of $22.10 until Market bottoms. Relative Strength is still 99. This trade was not logged.
EXIT PBF PBF ENERGY if it is going to Close below the Pink Line around $$51.72. 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.