Markets were mixed today after the S&P 500 Index went down near the Pink Line (10-day avg.) and bounced. Now it needs to exceed the recent High of 2996 for this rally to continue. Markets are currently over-bought so Short Term traders might want to raise some Cash.
New Subscribers, please be patient and WAIT for the Money Wave Buy signals below. The Markets have just bounced up 9 % off the Green Line since the June Low.
Bonds are slightly lower today, and are Way Above the Green Line.
Crude Oil was up $0.10 today at $57.80.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 7/09/2019 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
SMH SEMICONDUCTOR FUND Money Wave must Close in the Green Zone.
TER TERADYNE 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).
EXIT AMD ADVANCED MICRO on the Close today, (Short Term position only) or have a tight Sell Stop below it to capture a 10% Gain. We will try to Buy it again lower,
EXIT ENPH ENPHASE ENERGY on the Close today, or have a tight Sell Stop below it to capture a 12% Gain. We will try to Buy it again lower. 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.