Markets finally bounced up today on Low Volume, as the Markets were extremely Over-Sold. The Indices were stretched Way Below the Green Lines like a rubber band, and should snap back up towards the Green Line once Tammy Sells out on Fear.
The FEAR Index is very high, normally indicating a Market bounce soon.
Crude Oil was up$4.11 today at $46.70.
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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
MRK MERCK & CO. Money Wave Buy today. Target is $79.00. Place Sell Stop Loss below Support of $70.89 on the Close.
PFE PFIZER, INC. Money Wave Buy today. Target is $46.00. Place Sell Stop Loss below Support of $40.42 on the Close.
TWLO TWILIO INC. Money Wave Buy today. We will not log TWLO, as it is already up 11% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon:
CIEN CIENA CORP.
ETSY ETSY, INC.
LLY ELI LILLY Wait for Close Above the Pink Line.
MCD MCDONALDS CORP.
PG PROCTOR & GAMBLE
SBUX STARBUCKS CORP.
VZ VERIZON COMM
XLNX XILINX, INC.
XLU UTILITIES FUND
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).
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SELLS TODAY
LOWER the Sell Stop Loss on UNG US NATURAL GAS FUND to the Green Line of $26.73 until it bottoms.
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.