Markets were mixed today on more low Volume. Nothing new today, except the Pot Stocks are still under pressure like they did last year. The Markets are not coming down enough to create many Money Wave Buys.
The S&P 500 is still 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 $0.38 today at $55.38.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 8/22/2019
DBD DIEBOLD NIXDORF INC. Medium Term Buy today. Target is $15.00. EXIT if it is going to Close Below the Red Line of $11.56.
Money Wave Buys Signals Soon: (Best to Buy these when the S&P 500 is also in the Green Zone.)
AVP AVON PRODUCTS
IOVA IOVANCE BIO Medium Term Buy when it Closes above the Red Line of $21.49.
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).
CGC CANOPY GROWTH LOWER the Sell Stop Loss to $25.00 until it bottoms.
HEXO HEXO CORP. LOWER the Sell Stop Loss to $3.70 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.