Markets were down slightly today, as the S&P 500 & DOW Indices are still struggling to get back Above the Red Lines (50-day avgs.), which should 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 down today at $69.70 on Iran worries.
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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
URBN URBAN OUTFITTERS Money Wave Buy today. Place Sell Stop below Support of $37.81 on the Close.
Money Wave Buys soon for:
CVNA CARVANA CO.
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
RAISE the SELL STOP LOSS on STX SEAGATE TECH to today’s Low of $55.47.
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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