Markets were mixed today with very little movement. Most of the Leaders were back up in the Red Zones (probably too late to Buy for the Short Term).
Please be patient and WAIT for the Leaders to return back down to their Green Zones, for more Money Wave Buy Signals.
Crude Oil was down today at $68.35.
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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
ASNA ASCENA RETAIL GROUP Money Wave Buy today. ASNA will not be logged, as it is already up more than 5% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
ARLQ ARQULE, INC.
CRC CALIFORNIA RESOURCES
DNR DENBURY RESOURCES Money Wave must Close in the Green Zone.
KSS KOHLS CORP. Money Wave must Close in the Green Zone.
WTW WEIGHT WATCHERS
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
EXIT UAA UNDER ARMOUR if it is going to Close below the Red Line of $21.38.
EXIT EC ECOPETROL SA if it is going to Close below the Red Line of $20.55. This trade was not logged.
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.
How do you much weight do you assign elliot wave counts vs your trending following buy the green pops, sell the red, from a lot of counts your showing we may be terminating the 10 yr bull market soon. I do understand counts are not always accurate and can only be confirmed after the fact.
cheers, Bob
Good question Bob. Elliott Wave is great when you get the count correct. But there are so many ways to count the Waves. We mainly use the tilt of the Green Line, and High Relative Strength.
When the 10 year Bull is finally over, the Money will flow somewhere else. The Green Line System Buys the Leaders on pull-backs into the Green Zones.
There should be plenty of Leaders in the next BEAR ( but the Leaders will not be FAANG Stocks…)
Inverse Fund Chart.