Money Wave Alert! Jul 8, 2019

 

Markets  were down today on normal profit taking from last week’s rally. The S&P 500 Index is over-bought and in the Red Zone (probably too high to Buy for the Short Term).

Bonds are back up as the Markets dropped, and are Way Above the Green Line.

Please be patient and WAIT for the Money Wave Buy signals below. 

 

Crude Oil was down $0.05  today at $57.50.

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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    7/08/2019    NONE TODAY

 

Money Wave Buys Signals Soon:   (Best to Buy these when the S&P 500 is also in the Green Zone.)          

EDU     NEW ORIENTAL EDUCATION     

GFI     GOLD FIELDS LTD.    Money Wave must Close in the Green Zone.   

SMH     SEMICONDUCTOR 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 Way Above the Green Lines (all Investments eventually return to their Green Lines).

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SELLS TODAY   

 

EXIT     ROKU     ROKU, INC.    on the Close today, or have a tight Sell Stop below it to capture a quick 11% Gain. We will try to Buy again lower,

 

EXIT     ARQL     ARQULE INC.    today if it is going to Close below the Pink Line around $10.98.  This trade was not logged.

EXIT     CIEN     CIENA CORP.    today if it is going to Close below your Buy Price, or $42.21.  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.