Markets were mixed to down today, after selling off early. Tech Stocks were up, with Apple Inc. Earnings out after the Close.
The Markets must now get back Above the Red Lines (50-day avgs.) to bring in more Buying.
Crude Oil was down today at $67.45.
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The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY
MLCO MELCO RESORTS Money Wave Buy today. MLCO will not be Logged, as it is already up 3% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
ANF ABERCROMBIE & FITCH Money Wave must Close in the Green Zone.
ERIC ERICSSON TELEPHONE
GERN GERON CORP. Money Wave must Close in the Green Zone.
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).
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SELLS TODAY
Change STX SEAGATE TECH to Long Term (Sell Stop Loss Below the Green Line). We will try to get our near the Red Line of $56.50.
Change ANF ABERCROMBIE & FITCH to Medium Term (Sell Stop Loss Below the Red Line of $24.58) on the Close. This trade was not logged.
EXIT GES GUESS? INC. if it is going to Close Below the Pink Line around $22.98. This trade was not logged.
EXIT RUN SUNRUN INC. if it is going to Close Below the Pink Line around $9,06. 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.
Hello,
I’m a recent member with a follow up question. The most recent email from you moved one trade into the long term holding portfolio. Do you designate trades short term or long term before adding a position?
Thanks in advance.
Wynn
When the Daily Alert goes out, the Signal should state “Money Wave Buy” for most trades, which would be Short Term.
If the trade is intended for Medium or Long Term, that will be noted on the Alert.
Thank you for writing!