Markets were up slightly today as the Tech Stocks rallied on low Volume. The S&P 500 Index is back below the
Pink Line (10-day avg.) so there are few Buyers coming in without any Good News. Maybe a re-test of the Highs this week.
The S&P 500 Fund is going into a Money Wave Buy Signal today, but the Volume is very low (lack of good Buying).
Crude Oil was up $0.40 today at $56.20.
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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 7/22/2019
SPY S&P 500 FUND Money Wave Buy today. SPY 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.
Money Wave Buys Signals Soon: (Best to Buy these when the S&P 500 is also in the Green Zone.)
AMD ADVANCED MICRO Money Wave must Close in the Green Zone.
RCII RENT-A-CENTER
SNAP SNAP INC.
SPWR SUNPOWER CORP.
TEAM ATLASSIAN 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 UAA UNDER ARMOUR if it is going to Close Below the Pink Line around $26.93.
Lower the Sell Stop Loss on HEXO HEXO CORP. to $4.50 until it bottoms.
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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