Markets were mixed today as the FAANG Stocks and BioTechs continued higher… Lately the Markets have cherished Companies that have a hopeful “Story” instead of ones that make MONEY.
The Strongest NASDAQ 100 and Small Cap Indices are still holding above the Pink Lines, to avoid Short Term Sell Signals.
Please be patient, and WAIT for the Leading Investments to return to the Green Zones for more Money Wave Buy Signals.
Crude Oil was up at $65.45.
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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
URBN URBAN OUTFITTERS Money Wave Buy today. Place Sell Stop Loss below Support of $44.60 on the Close.
WLL WHITING PETE. Money Wave Buy today. WLL will not be logged, as it is already up 4.9% today and is 9.7% above the recent Support of $46.27.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
SGMO SANGAMO THERA is Closing above $16.90 today for a Long Term Buy, but the trade will be AVOIDED as it is already up 9.5% today. (Maybe Buy around $17.)
Money Wave Buys soon for:
BA BOEING CO.
EC ECOPETROL SA
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).
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SELLS TODAY
EXIT WTI W&T OFFSHORE today on the Close, or have a tight Sell Stop Loss below it to capture a 7.8% Gain.
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.
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– BA