Markets were down today as the FED Cut Interest Rates 1/4 point, and Smart Money Sold on the Good New. The Tech Stocks were extremely over-bought, and are now coming back down to the Green Zones for Money Wave Buy soon.
Please be patient and WAIT for the Leaders to return to their Green Zones.
Crude Oil was up $0.02 today at $58.07.
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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 7/31/2019 NONE TODAY
Money Wave Buys Signals Soon: (Best to Buy these when the S&P 500 is also in the Green Zone.)
ARQL ARQULE INC. Buy if it is going to Close above $10.59.
FB FACEBOOK INC.
SMAR SMARTSHEET 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
CGC CANOPY GROWTH LOWER the Sell Stop Loss to $32.00 until it bottoms.
CRON CRONOS GROUP LOWER the Sell Stop Loss to $13.00 until it bottoms.
QCOM QUALCOMM INC. EXIT if it is going to close below the Red Line around $73.66.
WMT WALMART INC. CHANGE to Medium Term (Sell Stop Loss below the Red Line of $109.60).
DHR DAHANER CORP. EXIT if it is going to Close below Support of $141.11. This trade was not logged.
GDX GOLD MINERS FUND EXIT if it is going to Close below Support of $27.22. This trade was not logged.
KL KIRKLAND LAKE GOLD EXIT if it is going to Close below Support of $44.31. This trade was not logged.
SPY S&P 500 Fund EXIT if it is going to close below the Pink Line around $299.76. 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.