Markets are trying to push higher, but the Buying is poor. There have been many Money Wave Buy Signals this week, but the bounces are weak so far. The Markets could be exhausted after good Earnings recently.
Markets must make New Highs soon for this rally to continue.
Tech Stocks are quickly back up into the Red Zones.
Crude Oil is down again today at $46.90 / barrel.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BBY BEST BUY Money Wave Buy today. We will not Log this trade.
W WAYFAIR INC. Money Wave Buy today. We will not Log this trade.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
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).
EXIT CC CHEMOURS CO. if it is going to Close below your Buy Price, or $47.09.
EXIT SHOP SHOPIFY INC. if it is going to Close below your Buy Price, or $94.06.
EXIT BBVA BANCO BILBAO if it is going to Close below your Buy Price, or $8.99.
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.