The S&P 500 Index needs to hold above the 10-day avg.
Markets were down today as the S&P 5oo Index stalled out at the May Resistance of 2954, which is normal. The S&P needs hold above the Pink Line (10-day avg.) of 2916 to avoid a Short Term Sell Signal.
Most of the Leaders were over-bought last week, but now are quickly returning to their Green Zones.
Please be patient and WAIT for more Investments to return to their Green Zones for Money Wave Buys again.
Crude Oil was down $0.11 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 6/25/2019
RCII RENT-A-CENTER Money Wave Buy today. RCII will not be logged as it is already up 3.50 % today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon: (Best to Buy these when the S&P 500 is also in the Green Zone.)
AMD ADVANCED MICRO (2nd Money Wave Buy soon)
COTY COTY, INC.
ENPH ENPHASE ENERGY
MTCH MATCH GROUP Money Wave must Close in the Green Zone.
ROKU ROKU INC.
TWLO TWILIO
UAA UNDER ARMOUR 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
LOWER the Sell Stop Loss on HEXO HEXO CORP. to $5.00 on the Close.
EXIT XLK TECH FUND if it is going to Close below the Pink Line around $77.18.
EXIT XLY CONSUMER FUND if it is going to Close below the Pink Line around $118.55.
LOWER the Sell Stop Loss on ZNGA ZYNGA INC. to $5.91 on the Close.
EXIT CDNS CADENCE DESIGN if it is going to Close below the Pink Line around $69.84. 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.