Markets were up again today after dipping back down this morning and holding above Monday’s low.
The Leaders are down to their Green Zones for Money Wave Buys soon. The S&P 500 Index needs to Close back above the Red Line (50-day avg.) of 2859, to become Bullish. The NASDAQ 100 INDEX (QQQ) and TECH Fund (XLK) are holding up better.
The Watch List below has grown, and there are many Signals from the Leaders today.
Crude Oil was up $0.42 today at $62.20. ______________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY
CVNA CARVANA CO. Buy if it is going to Close above $66.10 today. Target is $77.00. EXIT if it is going to Close below Support of $60.95.
HEXO HEXO INC. Money Wave Buy today. Target is $8.50. EXIT if it is going to Close below Support of $6.53.
SNAP SNAP, INC. Money Wave Buy today. Target is $13.00. EXIT if it is going to Close below Support of $10.04.
XLK TECH FUND Medium Term Buy when it Closes Above the Red Line of $75.02. Target is $80.00. EXIT if it is going to Close below Support of $73.10.
XLY CONSUMER FUND Medium Term Buy when it Closes Above the Red Line of $115.60. Target is $121.00. EXIT if it is going to Close below Support of $113.43.
TTD TRADE DESK INC. Medium Term Buy when it Closes Above the Red Line of $198.01. TTD will not be logged, as it is already up 7.5% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
HLMA.L HALMA INC. (London LSE) Money Wave Buy today. We do not log Foreign Investments.
RECLTD.IN RURAL ELECTRIFICATION CORP. (India NSE) Money Wave Buy today. We do not log Foreign Investments.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
ANF ABERCROMBIE & FITCH
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 Medium Term Buy when it Closes Above the Red Line of $86.64.
FB FACEBOOK INC. Money Wave must Close in the Green Zone.
SMH SEMICONDUCTOR FUND Medium Term Buy when it Closes Above the Red Line of $110.11.
YUMC YUM CHINA HOLDINGS Medium Term Buy when it Closes Above the Red Line of $43.67.
NON US INVESTMENTS (These will not be logged.)
JLP.L JUBILEE PLATINUM (London LSE)
WIPRO.IN WIPRO LTD. (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).
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SELLS TODAY
LOWER the Sell Stop Loss on PBR PETROBRAS ENERGY to today’s Low of $13.98. We will try to sell around $15.20.
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.
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– (QQQ)