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August 24, 2017

Money Wave Alert! Aug 24, 2017

XLK Chart
The Tech Fund is Holding up.

 

Markets are down slightly again today, but not much selling so far. The Leading DOW Index, and the Tech Fund have stalled at the Pink Lines (10-day avgs.) and need to break above those to return to the Highs.

The weaker Investments that fell below their Red Lines are not doing as well. The S&P 500 is trying to Close above its Red Line of 2446.

Try to Buy Investments that can Hold above their Red Lines. 

Crude Oil  is down today at $47.65 / 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:   

FSLR   FIRST SOLAR INC.     Money Wave Buy today.  Place Sell Stop Loss below $45.76 on the Close.

CROX   CROCS INC.     Money Wave Buy today. We will not log CROX, as the Volume is low.

We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

Money Wave Buys soon for:     BIOS   BIOSCRIPT 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:  

Lower the Sell Stop Loss on FB   FACEBOOK INC. back down to Support of $165.82.

Lower the Sell Stop Loss on   VRTX   VERTEX PHARM.  to the Pink Line around $152.06.

EXIT   JD   JD.COM   if it is going to Close below your Buy Price, or $42.15.

EXIT   YY    YY INC.   if it is going to Close below your Buy Price, or $76.23.

 

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.

Related Post

– BIOS

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