Markets were mixed today as investors are waiting for any China Trade news over the weekend. The Indices are trying bounce up off the Pink Lines (10-day avgs.) but many investors appear to be waiting for news. The S&P 500 Index is bouncing up out of the Green Zone today, but the Volume is poor and not convincing. Normally a Money Wave Buy from the S&P 500 is a preferred time to Buy others.
Please be patient and WAIT for the Money Wave Buy signals below.
Crude Oil was down $1.30 today at $58.15. ______________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 6/28/2019
OKTA OKTA INC. Money Wave Buy today. Target is $137.00. EXIT if it is going to Close below $118.27.
SHOP SHOPIFY INC. Money Wave Buy today. Target is $339.00. EXIT if it is going to Close below $281.69.
UAA UNDER ARMOUR INC. Money Wave Buy Buy today. Target is $28.00. EXIT if it is going to Close below Support of $24.80.
SPY S&P 500 FUND Money Wave Buy today. SPY will not be logged as the Volume is below average.
VEEV VEEVA SYSTEMS Money Wave Buy today. VEEV will not be logged as the Volume is below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
THERE ARE NO LONG TERM BUYS FOR THIS WEEK.
Money Wave Buys Signals Soon: (Best to Buy these when the S&P 500 is also in the Green Zone.)
CIEN CIENA CORP.
ROKU ROKU INC. SHOP SHOPIFY INC.
TWLO TWILIO
XLRE REAL ESTATE FUND
XLU UTILITIES FUND
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 NONE TODAY
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.
HAVE A NICE WEEKEND!