Markets were up today on lower Volume. The Leaders are coming back down to their Green Zones, for Money Wave Buys soon. Many are waiting for APPLE, INC. Earnings to come out after the Close tonight.
Please be patient and WAIT for the Leaders to bounce out of the Green Zones, for more Money Wave Buy Signals.
Crude Oil was down today at $68.75.
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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
WLL WHITING PETE. Medium Term Buy today. Place Sell Stop Loss below Support of $46.41 on the Close.
HRTX HERON THERA. Money Wave Buy today. This trade will not be logged as HRTX is already up over 4% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
ACXM ACXIOM CORP.
FDN INTERNET FUND
LULU LULULEMON ATHLETICA
NTAP NETWORK APPLIANCE Money Wave must Close in the Green Zone.
QQQ NASDAQ 100 FUND Money Wave must Close in the Green Zone.
WTI W&T OFFSHORE
XLK TECH FUND Money Wave must Close in the Green Zone.
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 still Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
EXIT USO US OIL FUND if it is going to Close below the Pink Line around $14.27.
Please 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.
What about ECYT and other stocks that close out the first day bought then rise above the sell point? If they still meet all the rules are they good to rebuy?
ECYT is not going to Close below Support of $14.65, so the position is still open.
That dump today was probably a Flush out by the Market Makers to “Run the Stops”.
Sorry if you got out, but the Rules are to EXIT only if it Closes below Support.
OK, now I get it. I set the stop after close yesterday so I got dumped! Now I know. Thanks.
Yes, that is too bad… Getting Stopped Out happens. However, when the Investment breaks Support, and then comes back up and Closes above
Support, sometimes you should get back in (called a “False Breakdown”).
So you do not suggest we put a hard stop loss on the stocks. Instead, we need to look at the market during the trading period?
A Hard Stop is great, but sometimes the Market Maker can see it, and will take it down below Support
during the day to flush you out. Maybe have the Hard Stop 4-6% below Support, until the Investment has bottomed…
The Daily emails will warn you about Stops that might be triggered that day.