Money Wave Alert! Aug 1, 2018

 

Markets  were mixed and sluggish today.  The Leaders are back down to their Green Zones, for Money Wave Buys soon. APPLE, INC.  was up 5% today on good Earnings, and finally has Relative Strength above 90 again. Currently AAPL is over-bought and Smart Money should be taking Short Term profits soon.

Please be patient and WAIT for the Leaders to bounce out of the Green Zones, for more Money Wave Buy Signals. 

Crude Oil  was down again today at  $67.80. 

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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    

 

LULU    LULULEMON ATHLETICA.   Money Wave Buy today. Place Sell Stop Loss below Support of  $117.65 on the Close.

QQQ    NASDAQ 100 FUND     Money Wave Buy today. Place Sell Stop Loss below Support of  $174.27 on the Close.

XLK    TECH FUND    Money Wave Buy today. Place Sell Stop Loss below Support of  $70.32 on the Close.

 

Money Wave Buys soon for:  

ACXM    ACXIOM CORP.
FDN    INTERNET FUND
MSFT    MICROSOFT CORP.
NTAP    NETWORK APPLIANCE    Money Wave must Close in the Green Zone.
WTI    W&T  OFFSHORE

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    USO    US OIL FUND     if it is going to Close below the Pink Line around  $14.27. 

LOWER the Sell Stop Loss on    WLL    WHITING PETE.   to today’s Low of $44.08. Relative Strength is still 97, and we will try to EXIT around $48.

 

EXIT    M    MACY’S INC.    if it is going to Close below the Pink Line around  $39.42.  This trade was not logged

EXIT    UAA   UNDER ARMOUR    if it is going to Close Below the Green Line of $19.45. 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.