The DOW Index is still trying to get back up to the Jan Highs.
Problems today with StockChart’s Charts…
Markets were up again today on very narrow Buying. The DOW Index is trying to catch up with the others Indices, as it is still about 900 points off the Jan. High.
The Markets are not pulling back enough for decent Money Wave trades, as emotional Investors FEEL TOO GOOD to take profits and don’t have the DISCIPLINE to WAIT.
Please be patient and WAIT for the Leaders and Indices to return to their Green Zones for Money Wave Buy Signals.
Crude Oil was up today at $66.10.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY
Money Wave Buys soon for:
ARWR ARROWHEAD PHARM.
KDP KEURIG DR. PEPPER Buy when KDP Closes above the Pink Line.
HEAR TURTLE BEACH CORP
NOV NAT’L. OILWELL VARCO
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 still Way Above the Green Lines (all Investments eventually return to their Green Lines).
LOWER the Sell Stop Loss on VLO VALERO ENERGY down to $110.00, as VLO is back down in the Green Zone, and the Relative Strength is 91.
Please 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!