Markets were mixed again today after gapping up this morning and then some Sellers came in. The S&P 500 Index is back below the Pink Line (10-day avg.) as there are few Buyers up here without any Good News News. Maybe a re-test of the Highs next week.
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 coming down from 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.
Crude Oil was up $0.71 today at $56.01.
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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 7/19/2019
GBTC GRAYSCALE BITCOIN TRUST Medium Term Buy today. Target is $17.50. EXIT if it is going to Close below the Red Line of $12.06.
BRFS BRF SA Money Wave Buy today. BRFS will not be logged, as the Volume is below average today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
THERE WILL BE NO LONG TERM BUYS THIS WEEK.
Money Wave Buys Signals Soon: (Best to Buy these when the S&P 500 is also in the Green Zone.)
RCII RENT-A-CENTER
SNAP SNAP INC.
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 NONE TODAY
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.
HAVE A NICE WEEKEND!
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