Markets were down to mixed today, on lower Volume. The S&P 500 needs to Close the Pink Line (10-day avgs.) around 2721 to avoid going into a Short Term Sell Signal.
The Dow and Small Cap Indices have been able to exceed last week’s Highs, but the S&P 500 and NASDAQ 100 have not. The Small Caps made an All-Time High today, but is closing weaker.
Please be patient, and WAIT for the Leading Investments to return to the Green Zones for more Money Wave Buy Signals.
Crude Oil was down today at $72.05.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
HLF HERBALIFE NUTRITION Money Wave Buy today. Place Sell Stop Loss Below Support of $53.07 0n the Close.
Money Wave Buys soon for:
LGCY LEGACY RESERVES
NIHD NII HOLDINGS
PBR PETROBRAS OIL
SRNE SORRENTO THERA. 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).
EXIT MU MICRON TECH on the Close, or have a tight Sell Stop Loss below it to capture a 12.5% Gain.
EXIT ANF ABERCROMBIE & FITCH is it is going to Close below the Red Line around $25.28. 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.