Money Wave Alert! Apr 26, 2018

 

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.

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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    

 

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).

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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.