Markets were up today on very low Volume. The S&P 500 is trying again to Close above the Red Line (50-day avg.) of 2925. The Markets need to do a “W” pattern back up to the Highs to remain Bullish. The Trade War must be resolved soon.
Please be patient and WAIT for the Leaders to pop out of the Green Zones for Money Wave Buy Signals.
Bonds are slowing returning back down to their Green Zone, and are Way Above the Green Line.
Crude Oil was down $0.49 today at $55.64.
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The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 8/21/2019
ARQL ARQULE INC. Medium Term Buy when it Closes above the Red Line of $9.32. ARQL will not be logged, as the Volume is way below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
LONG TERM TRADE: ZEN ZENDESK INC. is up above $78.87 Resistance, but the Volume is not great…
Money Wave Buys Signals Soon: (Best to Buy these when the S&P 500 is also in the Green Zone.)
“JUMP START” Candidates (NEW): (Buy Signal should be very soon… Click on the Jump Start link for more info.)
AVP AVON PRODUCTS
DBD DIEBOLD NIXDORF INC.
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IOVA IOVANCE BIO Medium Term Buy when it Closes above the Red Line of $21.57.
SNAP SNAP INC. Money Wave must Close in the Green Zone.
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).
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SELLS TODAY NONE TODAY
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.
1. How do you determine when a stock purchase is daily, or medium term, or long term? For example, ARQL today (08/21/2019) you said was a medium term buy when it closed above the daily red line (ema 50) at $9.33. Yet we could have purchased that earlier at $8.26 when slow stochastics (5,3) were below 20, or $8.49 when they were still below 50. Today stochastics are in the red zone at 82.22 (the do not buy zone on a daily chart). So why do you say to purchase now?
2. Also you said ARQL would not be logged because it was below average volume. Where do you find the average volume on a stock?
Thank you.
Greetings….
How do you sign up for the “jumpstart” emails?
Thanks!
Hi Mike. Currently there are no additional “Jump Start” emails. If we do have them, they will most likely be sent out with Twitter.
Currently “Jump Start” means that the Investment should have a Money Wave Buy Signal on the next Daily Close. So use the 60-min Chart, or maybe Buy early if you are afraid it will pop too much on the Close.
“Jump Start”