Markets were up again today, as the S&P 500 & DOW Indices are trying to get back Above the Red Lines (50-day avgs.) to bring in more Buying.
The NASDAQ 100 is Above the Red Line (50-day avg.) but is up near the mid April Resistance of 167. The Small Caps are not quite as strong, but are well Above the Red Line.
Crude Oil was up again today at $70.04.
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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 NONE TODAY
Money Wave Buys soon for:
CVNA CARVANA CO.
URBN URBAN OUTFITTERS Money Wave must Close in the Green Zone.
WTW WEIGHT WATCHERS INT’L. 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
LOWER the Sell Stop Loss on AEO AMER. EAGLE OUTFITTERS to $19.44 on the Close.
EXIT GES GUESS? INC. if it is going to Close Below the Pink Line around $23.25. 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.
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– WTW