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July 31, 2018

Money Wave Alert! Jul 31, 2018

QQQ Chart
Money Wave Buy soon for NASDAQ 100 Fund.

 

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. 

_____________________________________________________________________________________

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).

______________________________________________________________________________________

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.

Posted By AbovetheGreenLine at 2:35 pm 6 Comments

Comments

  1. arlevy says

    July 31, 2018 at 2:47 pm

    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?

    Log in to Reply
    • AbovetheGreenLine says

      July 31, 2018 at 2:53 pm

      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.

      Log in to Reply
      • arlevy says

        July 31, 2018 at 9:33 pm

        OK, now I get it. I set the stop after close yesterday so I got dumped! Now I know. Thanks.

        Log in to Reply
        • AbovetheGreenLine says

          July 31, 2018 at 10:30 pm

          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”).

          Log in to Reply
  2. chiloo168 says

    July 31, 2018 at 7:08 pm

    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?

    Log in to Reply
    • AbovetheGreenLine says

      July 31, 2018 at 10:23 pm

      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.

      Log in to Reply

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