Money Wave Alert! Jul 31, 2019

 

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.