Markets were mixed again today on very low Volume. The S&P 500 Index is over bought and needs to bounce off the Pink Line (10-day avg.) around 2994 to avoid a Short Term Sell Signal. Short Term traders might want to raise some Cash and WAIT for Green Zone Buys.
New Subscribers, The Money Wave Buy signals work best when the S&P 500 Index is also down in the Green Zone (currently it is in the Red Zone). If you are a newer Investor, then you might WAIT until the S&P 500 Index is also in the Green Zone before Buying other Money Wave Buy Signals.
Bonds are down slightly today, retesting the recent Lows after having a Money Wave Buy Signal on Monday.
Crude Oil was down $1.70 today at $57.88.
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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 7/16/2019 NONE TODAY
Money Wave Buys Signals Soon: (Best to Buy these when the S&P 500 is also in the Green Zone.)
BLL BALL CORP.
BRFS BRF SA
GBTC GRAYSCALE BITCOIN TRUST Money Wave must Close in the Green Zone.
SAP SAP AG Money Wave must Close in the Green Zone.
SPWR SUNPOWER CORP.
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 RCII RENT-A-CENTER if it is going to Close below the Pink Line around $27.59. This trade was not logged.
EXIT SNAP SNAP INC. if it is going to Close below the Pink Line around $15.14. This trade was not logged.
EXIT TWLO TWILIO INC. if it is going to Close below the Pink Line around $142.60. This trade was not logged.
EXIT VEEV VEEVA SYSTEMS if it is going to Close below the Pink Line around $171.48. This trade was not logged.
EXIT XLU UTILITIES FUND if it is going to Close below the Pink Line around $60.71. This trade was not logged.
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.