Markets were down again today as some Earnings were disappointing, and Interest Rates rose. If the S&P 500 can hold here at the 62% Retracement level down of the April bounce, then a good rally up could happen soon.
Some of the Leaders are quickly cycling back down near the Green Zones… Please be patient and WAIT for Green Zones Buys.
Crude Oil was down today at $67.75.
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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:
ANF AMBERCROMBIE & FITCH
CROX CROCS, INC. Money Wave must Close in the Green Zone
INTC INTEL CORP.
STX SEAGATE TECH
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 GRUB GRUB HUB if it is going to Close Below the Pink Line around $100.45.
LOWER the Sell Stop Loss on MU MICRON TECH to today’s Low of $46.44 on the Close, since it is already back down in the Green Zone.
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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– ANF