Markets were up slightly again today, but not much Buying before the weekend. Markets are getting Over-Sold for the Short Term, and should set up for better trades.
The big DOW Leaders are holding up fine, but the weaker investments like the Small Caps are getting hit.
Some of the Strongest Leaders were returning to their Green Zones for Money Wave Buys soon.
Please be patient and WAIT for Money Wave Buy Signals.
Crude Oil is up today around $48.75 / barrel.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
VRTX VERTEX PHARM. Money Wave Buy today. Place Sell Stop Loss at $148.50 on the Close.
Money Wave Buys soon for: The List has become longer, (See Chart Above). AAOI APPLIED OPTO, CC CHEMOURS CO. NFLX NETFLIX INC, SGMS SCIENTIFIC GAMES, SHOP SHOPIFY INC, & W WAYFAIR INC. We will email you when they are ready. Click on WatchList
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).
LOWER the Sell Stop Loss on RH RESTORATION HARDWARE to yesterday’s Low of $54.98.
PORTFOLIO (Open Positions)
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.
HAVE A NICE WEEKEND!
Leave a Reply
You must be logged in to post a comment.