Markets dumped down today on negative Trade News. The Markets are going down to force Trump to get a Trade Deal.
The Leaders are down to their Green Zones for Money Wave Buys soon. The S&P 500 Index slipped below the Red Line (50-day avg.) of 2860, which is Bearish. The NASDAQ 100 INDEX (QQQ) and TECH Fund (XLK) are holding up better.
The Watch List below has grown, which normally means a rally is coming. Please WAIT for Money Wave Buy Signals from the Leaders.
Crude Oil was down $0.60 today at $61.05.
__________________________________________________________________________________________________
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.)
ANF ABERCROMBIE & FITCH Money Wave must Close in the Green Zone.
CGC CANOPY GROWTH Money Wave must Close in the Green Zone.
DIS WALT DISNEY CO. Buy if it Closes above $135.97 on High Volume.
EDU NEW ORIENTAL EDUCATION Relative Strength is Below 90.
FB FACEBOOK INC. Money Wave must Close in the Green Zone.
HEXO HEXO INC.
SMH SEMICONDUCTOR FUND Medium Term Buy when it Closes Above the Red Line of $110.24.
SNAP SNAP, INC. Below the Green Line
XLK TECH FUND Medium Term Buy when it Closes Above the Red Line of $75.04.
XLY CONSUMER FUND Medium Term Buy when it Closes Above the Red Line of $115.63.
YUMC YUM CHINA HOLDINGS Relative Strength is Below 90.
NON US INVESTMENTS (These will not be logged.)
RECLTD.IN RURAL ELECTRIFICATION CORP. (India NSE)
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
LOWER the Sell Stop Loss on AVGO BROADCOM INC. to today’s Low of $288.20.
LOWER the Sell Stop Loss on CIEN CIENA CORP. to $32.00 until it bottoms.
LOWER the Sell Stop Loss on TWLO TWILIO INC. to today’s Low of $122.56.
LOWER the Sell Stop Loss on MRVL MARVELL TECH to $21.00 until it bottoms. 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.