Markets were lower today after tagging the Red Lines (50-day avgs.) and selling off. Many of the Leaders are quickly getting back up in the Red Zones (probably too late to Buy for the Short Term)… Markets could stall or pull back some for a while (so the System will probably raise some Cash).
A rally back up to the Highs would require the Markets to get back above the Red Lines (50-day avgs).
Crude Oil up again today at $67.25.
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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
RUN SUNRUN, INC. Money Wave Buy today. RUN will not be logged as a Trade, 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:
M MACY’S , INC.
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 HPE HEWLETT PACKARD if it is going to Close below the Pink Line around $17.15.
EXIT SQ SQUARE INC. if it is going to Close below your Buy Price, or $47.58.
EXIT SMH SEMICONDUCTOR FUND if it is going to Close below your Buy Price, or $104.51.
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!
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