Markets don’t have any news, so little movement today. More Money Wave Buy Signals are kicking in today, but the bounces are poor so far. Markets must make New Highs soon for this rally to continue.
AAPL is one of the few New Highs today, but it had some good news…
Crude Oil is mixed today at $47.60 / barrel.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY:
BBVA BANCO BILBAO Money Wave Buy today. We will not Log this trade.
EWP SPAIN FUND Money Wave Buy today. We will not Log this trade.
ING ING GROUP Money Wave Buy today. We will not Log this trade.
Money Wave Buys soon for: BBY BEST BUY, JD JD.COM, NFLX NETFLIX 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).
SELLS TODAY:
EXIT VRTX VERTEX PHARM. if it is going to Close below your Buy Price, or $153.78.
EXIT RH RESTORATION HARDWARE if it is going to Close below Support 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.
Hi,
I have Just signed for the service and I am trying to understnd how it works.
Why didn’t you close CC and SHOP? Intraday slow stochastic were more than 50 and they closed under buying prices.
Thanks,
Gian
Good question, Gian. At the time of the post, the Money Wave on CC was not certain to Close > 50. (SHOP Closed at 49.50.)
They will be Closed tomorrow, if they don’t get going!