Markets were higher today as the Indices bounced up off the Pink Lines (10-day avgs.) on lower Volume. Yesterday the S&P 500 Index bounced up off of last week’s Support of 2817. AAPL finally Closed above it’s 200-day average of $190.67, with a 4% move today.
Please be patient and WAIT for the Leaders to return back down to their Green Zones, for Money Wave Buy Signals.
Crude Oil was down $0.33 today at $59.90.
__________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
AMRN AMARIN CORP.
CGC CANOPY GROWTH Money Wave must Close in the Green Zone.
FBP FIRST BANCORP
RCCI RENT-A-CENTER
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).
______________________________________________________________________________________
SELLS TODAY
EXIT AMD ADVANCED MICRO on the Close today, or have a tight Sell Stop Loss below it. We will try to Buy it again lower.
EXIT AVP AVON PRODUCTS if it is going to Close below your Buy Price, or $2.75.
EXIT EWZ BRAZIL FUND if it is going to Close below the Pink Line around $43.45.
EXIT CRON CRONOS GROUP if it is going to Close below your Buy Price or $21.00. This trade was not logged.
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.
Leave a Reply
You must be logged in to post a comment.