Markets were down today, as the Indices need to re-test Monday’s Lows… If the Markets only Retrace about 62% of the recent Rally, that is a Bullish sign.
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 down today at $62.00.
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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
PORTFOLIO currently has 14 Short Term & Medium Term Positions. Money Wave Buys soon for:
GERN GERON CORP. 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).
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SELLS TODAY
LOWER SELL STOP LOSS on HPE HEWLETT PARKARD to $16.00 on the Close.
LOWER SELL STOP LOSS on SPLK SPLUNK INC. back down to Support of $94.39 on the Close.
LOWER SELL STOP LOSS on SQ SQUARE INC. to $44.00 on the Close.
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.