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August 8, 2017

Money Wave Alert! Aug 8, 2017

WTW Chart
Tammy Dumped Weight Watchers last year at $12, now Buying back at $46?

 

Markets are down  slightly again today, as the Strongest Leaders are back up in the Red Zones (probably too late to Buy for the Short Term). BioTechs and Semiconductors have bounced about 1/2 way back up to their Highs. There is not much Buying so far. 

Please be patient and WAIT for a bigger pull -back, and then follow Money Wave Buy Signals. 

Crude Oil  is down today around $49.10 / 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:   

NVCR   NOVACURE LTD    Money Wave Buy today. We will not log, as NVCR is already up 4.9% today and the Volume is not great.

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

 

Money Wave Buys soon for:   AAOI   APPLIED OPTO,    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   VRTX   VERTEX PHARM. if it is going to Close below your Buy Price, or $157.55.

EXIT   ESPR   ESPERION THERA.  on the Close today (+ 19%), or have a tight Sell Stop Loss below it.

EXIT   LRCX   LAM RESEARCH if it is going to Close below your Buy Price, or $155.84.

EXIT   WTW   WEIGHT WATCHERS  on the Close today, or have a tight Sell Stop Loss below it.

 

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.

Posted By AbovetheGreenLine at 2:33 pm 2 Comments

Comments

  1. MICHAELGILCHRIST says

    August 8, 2017 at 7:49 pm

    I dont understand ‘Options’ and their implications. Are they dangerous or worrisome?

    https://marketchameleon.com/Overview/RH/OptionChain/

    Log in to Reply
    • AbovetheGreenLine says

      August 8, 2017 at 8:17 pm

      Investors that “BUY” options usually lose on about 70% of their trades, because of time decay,

      Investors that “SELL” covered call options win about 70% because of time decay.

      Selling covered call options on Leaders when they get in the Red
      Zone could improve your income from Investments:

      http://www.investopedia.com/articles/optioninvestor/08/covered-call.asp

      Log in to Reply

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Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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