Markets were up today on low summer Volume. The S&P 500 Index is back up re-testing last week’s High after closing back above the Pink Line (10-day avg.). We will have to see if more Buyers come in from here.
Some Leaders are back up in the Red Zones (probably too late to Buy for the Short Term).
Crude Oil was down $0.80 today at $55.80.
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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 7/24/2019
XRX XEROX CORP. Money Wave Buy today. Target is $37.00. EXIT if it is going to Close below Support of $33.94.
RCII RENT-A-CENTER Money Wave Buy today. RCII will not be logged, as the Volume is below average.
TEAM ATLASSIAN CORP. Money Wave Buy today. TEAM will not be logged, as the Volume is below average.
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.)
SPWR SUNPOWER CORP.
VEEV VEEVA SYSTEMS
WMT WALMART INC.
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
LOWER the Sell Stop Loss on HEXO HEXO CORP. to $4.00 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.
How do you determine if a stock’s volume is below average? Sometimes you say you will not log a trade for a stock because its volume is below average. For example, today (7/24/2019) you say you will not log RCII and TEAM because their volume is below average. What criteria do you use? What indicators do you use? What websites do you use? For example, do you use FinViz’s screen that shows average volume? Please explain in detail. Thank you.
Thank you for writing.
We use average Volume for 50 days of trading. If the Volume at the time of the Daily email post is below average, we will normally pass on the Buy.
It is preferred to have HUGE Volume when an Investment is lifting off, to show us that many BELIEVE in the Investment.
Sorry to keep asking, but I am still confused.
Do you have to manually keep track of each day’s volume, then add it up over the last X number of days (50), and then divide the total by X (50)? That seems very cumbersome. Is there some easier way to track average daily Volume for 50 days of trading, rather than doing it manually? Does Stockcharts have such a feature? I can’t seem to find it. Or can you find it on some other website?
You are not talking about overlaying SMA (50) on top of volume, are you?
Thank you.
Most charting service can calculate 50-day average Volume for you automatically. For StockCharts click on the Chart / Indicators / Volume / Position (behind Price) / Overlay (Simple Moving Average) / Parameters (50).
Oh, I see! Thank you so very much!
Welcome!