Markets were up today on below average Volume. The Stock Indices have bounced up off of last week’s Low, but the Inverted Yield Curve news has many concerned. The Trade War must be resolved soon. Support on the S&P 500 Index is 2822, and the Markets need to bounce there to remain Bullish.
Please be patient and WAIT for the Leaders to pop out of the Green Zones for Money Wave Buy Signals.
Bonds have finally weakened today after a week of panic Buying Way Above the Green Line.
Crude Oil was down $0.39 today at $54.86
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 8/16/2019
SPWR SUN POWER CORP. Medium Term Buy today. Target is $16.00. EXIT if it is going to Close below the Red Line of $11.41.
ADVM ADVERUM BIO Medium Term Buy today if it Closes above $12.50. ADVM will not be logged as it is already up 5 % and back up in the Red Zone.
VSLR VIVINT SOLAR INC. Money Wave Buy today. VSLR will not be logged as it is already up 7.5 % today.
We will not log trades if the Reward / Risk is not 2:1.
Money Wave Buys Signals Soon: (Best to Buy these when the S&P 500 is also in the Green Zone.)
ARQL ARQULE INC. Medium Term Buy when it Closes above the Red Line of $9.34.
IOVA IOVANCE BIO Medium Term Buy when it Closes above the Red Line of $21.78.
MTCH MATCH GROUP Money Wave must Close in the Green Zone.
SNAP SNAP INC. Money Wave must Close in the Green Zone.
TTD TRADE DESK INC.
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).
SELLS TODAY NONE TODAY
CGC CANOPY GROWTH LOWER the Sell Stop Loss down to $25.26 until it bottoms. Last time it came down here it almost doubled in 4 months.
COTY COTY INC. LOWER the Sell Stop Loss down to $9.00 until it bottoms.
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.
HAVE A NICE WEEKEND!