Markets will be Closed on Friday for a Federal Holiday.
Markets were up today on Low Volume, as a few Money Wave Buys have kicked in. The S&P 500 Chart is breaking break the Down-Trend line, but so far many are still watching, and not Buying.
The weaker Investments might have to go down once more next week before a good Rally can begin. The Indices had steep declines from last week (heavy selling), and those take a while to heal.
Crude Oil up today at $65.00.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY (At the time of this post)
Money Wave Buys soon for:
AMZN AMAZON.COM Money Wave Must Close in the Green Zone.
GRUB GRUBHUB INC. Money Wave Must Close in the Green Zone.
IMGN IMMUNOGEN INC. Money Wave Must Close in the Green Zone.
MU MICRON TECH
NFLX NETFLIX INC. Money Wave Must Close in the Green Zone.
SPLK SPLUNK, INC.
SQ SQUARE 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 still Way Above the Green Lines (all Investments eventually return to their Green Lines).
EXIT M MACY’S INC. today on the Close, or have a tight Sell Stop Loss Below it to capture a 6% 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.