Markets were up again today, but many Investments are struggling at their Pink Lines (10-day avgs.) Buying is still tentative, as many are scared. The S&P 500 was able to Close Above the Pink Line of 2630, and rally up to 2672.
A rally back up to the Highs would require the Markets to get back above the Red Lines (50-day avgs). Markets may have to dip back down once more.
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.
BUYS TODAY NONE TODAY
PORTFOLIO currently has 15 Short Term & Medium Term Positions.
Money Wave Buys soon for:
AMZN AMAZON.COM Money Wave Must Close in the Green Zone.
NFLX NETFLIX INC. Money Wave Must Close in the Green Zone.
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).
EXIT URBN URBAN OUTFITTERS on the Close today, or have a tight Sell Stop Loss Below it to capture a 9% Gain.
LOWER SELL STOP LOSS on MU MICRON TECH to $48.00, as it had Bad News 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.
Leave a Reply
You must be logged in to post a comment.