Markets were down today after rallying 300 DOW points earlier in the morning. More China Trade worries caused selling later today, but the Leaders & Tech Stocks were extremely over-bought, and are now coming back down to the Green Zones for Money Wave Buys soon.
Please be patient and WAIT for the Leaders to return to their Green Zones.
Bonds were strong on Trade Fears.
Crude Oil was down $4.14 today at $54.44.
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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 8/1/2019 NONE TODAY
Money Wave Buys Signals Soon: (Best to Buy these when the S&P 500 is also in the Green Zone.)
ARQL ARQULE INC. Buy if it is going to Close above $10.59.
FB FACEBOOK INC.
SKX SKECHERS USA
SMAR SMARTSHEET INC.
SMH SEMICONDUCTOR FUND 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 Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
CGC CANOPY GROWTH LOWER the Sell Stop Loss to $31.00 until it bottoms.
CRON CRONOS GROUP LOWER the Sell Stop Loss to $12.00 until it bottoms.
SID COMPANHIA SIDERURGICA SA EXIT if it is going to Close below Support of $4.21.
SPWR SUNPOWER CORP EXIT if it is going to Close below $15.00, or have a tight Sell Stop below it to capture a 39% Gain. We will try to Buy again lower.
BLL BALL CORP. Was Stopped Out yesterday at $71.48. This trade was not logged.
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.
Related Post
– S&P 500