Markets were down today as the S&P 500 is re-testing the Feb Lows. Many Indices are down near their Green Lines, and should bounce soon.
The weaker Investments have gone down once more, and should be Over-Sold soon. Then maybe a good Rally can begin. The Indices had steep declines (heavy selling), and those take a while to heal.
Crude Oil down today at $63.10.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
TWTR TWITTER,INC. Money Wave Buy today. Place Sell Stop Loss Below Support of $27.39 on the Close.
Money Wave Buys soon for:
AMZN AMAZON.COM Money Wave Must Close in the Green Zone.
GRUB GRUBHUB INC.
IMGN IMMUNOGEN INC.
MU MICRON TECH
NFLX NETFLIX INC. Money Wave Must Close in the Green Zone.
SPLK SPLUNK, INC.
SQ SQUARE 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).
LOWER Sell Stop Loss on CSCO CISCO SYSTEMS to the Green Line of $36.51 until this Dump is over.
LOWER Sell Stop Loss on HPE HEWLETT PACKARD to today’s Low of $16.94 on the Close.
LOWER Sell Stop Loss on PBR PETROBRAS S A to the Red Line of $13.42 on the Close.
LOWER Sell Stop Loss on SMH SEMICONDUCTOR FUND to the Green Line of $93.75 until this Dump is over.
LOWER Sell Stop Loss on GBT GLOBAL BLOOD THERA to the Green Line of $40.80 until this Dump is over.
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.
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