TWITTER has been down since 2:50 EDT today
Markets were mixed today but the DOW Index was up masking some of the profit taking that is going on. The S&P 500 Index has still not been able to exceed the recent High of 2996, maybe later today. It needs to Close above there for this rally to continue. Markets are currently over-bought so Short Term traders might want to raise some Cash.
New Subscribers, please be patient and WAIT for the Money Wave Buy signals below. The Markets have just bounced up 9 % off the Green Line since the June Low.
Bonds had a larger drop today, and are coming back down into the Green Zone for a Money Wave Buy soon.
Crude Oil was down $0.04 today at $60.40.
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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 7/11/2019 NONE TODAY
Money Wave Buys Signals Soon: (Best to Buy these when the S&P 500 is also in the Green Zone.)
EDU NEW ORIENTAL EDUCATION Relative Strength is Below 90.
KEYS KEYSIGHT TECH Money Wave must Close in the Green Zone.
TER TERADYNE INC.
TLT US GOVT. BOND FUND 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
EXIT OKTA OKTA, INC. on the Close today or have a tight Sell Stop below it to capture a 10.6 % Gain. We will try to Buy it again lower.
LOWER the Sell Stop Loss on CGC CANOPY GROWTH to $36.00 until it bottoms. GCG is back down in the Green Zone and we will hope for a bounce up near the Red Line around 41.00.
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.
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