Markets “Gapped Up” today as the S&P 500 was over-sold, and buyers came in on FaceBook Earnings. The Markets now must get back Above the Red Lines (50-day avgs.) to bring in more Buying.
So far it is Bullish that the Markets held near the 62% Retracement level, but today’s Volume is low and not impressive.
Crude Oil was up today at $68.20.
_____________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY
INTC INTEL CORP. Money Wave Buy today. Place Sell Stop Loss below recent Support of $50.85 on the Close.
STX SEAGATE TECH Money Wave Buy today. Place Sell Stop Loss below recent Support of $57.19 on the Close.
ANF AMBERCROMBIE & FITCH Money Wave Buy today. ANF will not be logged, as it is already 4.57% today.
NFLX NETFLIX, INC. Money Wave Buy today. NFLX will not be logged, as it is already 7% above the recent Support.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
CROX CROCS, INC. Money Wave must Close in the Green Zone.
XPO XPO LOGISTICS
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).
______________________________________________________________________________________
SELLS TODAY
EXIT M MACY’S INC. on the Close today, or have a tight Sell Stop Loss on it to capture a 10% Gain.
EXIT GERN GERON CORP. if it is going to Close Below your Buy Price, or $3.99. 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.
Leave a Reply
You must be logged in to post a comment.