Markets were up today as Buyers wanted in before the probable FED Rate Cut next week. The S&P 500 Index was able to bounce up off the Pink Line (10-day avg.) and push up to New Highs on low Volume. Tech Stocks are extremely over-bought, and most of the Leaders are Way Above the Green Lines.
New Subscribers, please be patient as the recent Market pull-backs have been tiny, so the Money Wave pops up are small. Eventually there will be some Bad News and then patient Investors can Buy in at lower prices. We like to Buy on Bad News. Many Investors don’t have the discipline to WAIT, and are getting fully invested before next week’s probable FED Rate Cut (and Smart Money should soon Sell on the Good News).
Crude Oil was up $0.21 today at $56.25.
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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 7/26/2019
WMT WALMART INC. Money Wave Buy today. Target is $116.00. EXIT if it is going to Close below Support of $111.57.
AVP AVON PRODUCTS Money Wave Buy today. AVP will not be logged as it is already up 5.5 % today.
PG PROCTOR & GAMBLE Money Wave Buy today. PG will not be logged as the Volume is below average, and it is back up near Resistance.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
THERE WILL BE NO LONG TERM TRADES THIS WEEK.
Money Wave Buys Signals Soon: (Best to Buy these when the S&P 500 is also in the Green Zone.)
ARQL ARQULE INC.
KL KIRKLAND LAKE GOLD
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!