Markets “Gapped Up” today, as the S&P 500 tries to make New Highs soon so the rally can continue. The June High was 2453, about 8 points higher than today.
The Tech Stocks are mostly in the Red Zones (probably too late to Buy for the Short Term), so we are exiting several Short Term Positions below.
Bonds have finally popped up today, after being over-sold on the Short-Term.
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:
IMMU IMMUNOMEDICS Money Wave Buy. We will not log IMMU, as it is already up 5% today.
Money Wave Buys soon for: BLUE BLUEBIRD BIO. 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 ATVI ACTIVISION on the Close today for a 6% Gain, or have a tight Sell Stop Loss on it.
EXIT JD JD.COM on the Close today for a 6% Gain, or have a tight Sell Stop Loss on it.
EXIT NVDA NVIDIA CORP. on the Close today for a 7% Gain, or have a tight Sell Stop Loss on it.
EXIT EDU NEW ORIENT ED. on the Close today for a 10% Gain, or have a tight Sell Stop Loss on it.
Click for 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.
Lest you think I only email to ask questions, great trades on NVDA (patience paid off!) and ATVI. Appreciate your system very much, thanks.
Thanks for writing and your kind words, Dutchy!
Don’t forget the animals.