Markets were up slightly today but the Bonds continued higher on Economic weakness fears. Utilities are starting to lose momentum after a big rally from lower Interest Rates.
Bonds are back up in the Red Zone (probably too late to Buy for the Short Term) and the S&P 500 Index is almost back down to the Green Zone.
Many of the Leaders are slowly returning back down to their Green Zones for Money Wave Buy Signals soon.
Crude Oil was down $0.20 today at $59.40.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
AMRN AMARIN CORP. Medium Term Buy today. Target is $23.50. EXIT if it is going to Close below Support of $16.65.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
AMD ADVANCED MICRO
CGC CANOPY GROWTH Medium Term Buy when it Closes above the Red Line of $44.04.
HZNP HORIZON PHARMA
PBR PETROBRAS ENERGY Medium Term Buy when it Closes above the Red Line 0f $15.86.
TNDM TANDEM DIABETICS
TTD TRADE DESK 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 ANF ABERCROMBIE & FITCH on the Close today, or have a tight Sell Stop Loss below it to capture a 5.8% Gain in a few days.
EXIT GDX GOLD MINING FUND if it is going to Close below the Pink Line around $22.66.
LOWER the Sell Stop Loss on KL KIRKLAND LAKE GOLD to $29.00 on the Close.
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.