Markets rolled over and are going back down to re-test the October Lows. Some Drug and Consumer Staples Stocks are sitting on Highs and won’t come down, even though most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term). Please be patient and wait for Green Zone Buy Signals.
The US DOLLAR is very strong, which has been hurting the Tech Stocks. The Dollar is very over-bought, and should correct soon.
Crude Oil is down again at $59.40.
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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 Signals Soon:
AMD ADVANCED MICRO Wait for pull-back around $18.50.
ENDP ENDO PHARMA.
SQ SQUARE, INC.
USO US OIL FUND Wait for 2nd Buy.
VKTX VIKING THERA.
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
EXIT ERIC ERICSSON TELEPHONE if it is going to Close below the Pink Line around $8.90.
LOWER the Sell Stop Loss on ROKU ROKU, INC. to $40.31 until it bottoms. The Red Line (50-day avg.) is up at $58.12.
LOWER the Sell Stop Loss on USO US OIL FUND to $12.35 until it bottoms. Money Wave is in the Green Zone, and the Red Line (50-day avg.) is up at $14.25.
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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