Markets were mixed today as the Markets were over-bought and needed to rest. Some of the stronger Tech Software stocks were dow 4-6% on profit taking. Buyers are wanting to get in before the probable FED Rate Cut on Wednesday. The 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 this week’s probable FED Rate Cut (and Smart Money should soon Sell on the Good News).
Crude Oil was up $0.61 today at $56.81.
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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 7/29/2019
SPWR SUNPOWER CORP. Medium Term Buy today. Target is $13.00. EXIT if it is going to Close below the Red Line of $9.95.
KL KIRKLAND LAKE GOLD Money Wave Buy today. KL 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.
Money Wave Buys Signals Soon: (Best to Buy these when the S&P 500 is also in the Green Zone.)
ARQL ARQULE INC. Money Wave must Close in the Green Zone.
GDX GOLD MINERS FUND
SID COMPANHIA SIDERURGICA SA
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
AMD ADVANCED MICRO EXIT if it is going to Close below your Buy Price, or $33.49.
CGC CANOPY GROWTH LOWER the Sell Stop Loss to $33.00 until it bottoms.
XRX XEROX CORP EXIT if it is going to Close below Support of $33.94.
VEEV VEEVA SYSTEMS EXIT if it is going to Close below your Buy Price, or $167.72. 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.
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