Markets popped up today as the S&P 500 bounced off of the Green Line yesterday, and buyers came in. Many are still being very careful in buying, until the S&P can Close Above the Pink Line of 2637.
The weaker Investments are very Over-Sold, but might have to go down once more. Then maybe a good Rally can begin.
Crude Oil up today at $63.65.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
SPLK SPLUNK, INC. Money Wave Buy today. Place Sell Stop Loss Below Support of $94.74 on the Close.
SQ SQUARE INC. MAYBE a Money Wave Buy today. Place Sell Stop Loss Below Support of $46.14 on the Close.
Money Wave Buys soon for:
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 NONE TODAY
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.