Markets are down today, filling the “GAP UP” from panic Buying last week. The Buying was poor recently, so nimble Traders got out. The S&P 500 has Support at 2437, for possible “W” pattern back up.
Markets must make New Highs soon for this rally to continue.
Tech Stocks were in the Red Zones, and are pulling back.
Crude Oil is up today at $47.10 / 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: NONE TODAY
Money Wave Buys soon for: JD JD.COM, NFLX NETFLIX INC & RH RESTORATION HARDWARE. 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 BA BOEING CORP. if it is going to Close below your Buy Price, or $237.15.
EXIT SHOP SHOPIFY INC. if it is going to Close below your Buy Price, or $94.06.
EXIT EWP SPAIN FUND if it is going to Close below your Buy Price, or $33.86.
EXIT EWW MEXICO FUND if it is going to Close below the Pink Line around $56.40.
EXIT FOLD AMICUS THERA. if it is going to Close below your Buy Price, or $12.42.
EXIT ING ING GROUP if it is going to Close below your Buy Price, or $18.13.
EXIT SGMS SCIENTIFIC GAMES if it is going to Close below Support of $34.60.
EXIT W WAYFAIR INC. if it is going to Close below Support of $68.60.
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.
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