Markets are down again today as the Indices are slowly going back down to re-test the October Lows. The major Indices are quickly returning to the Green Zones for Money Wave Buys soon. The Indices must stay above the October Lows to remain Bullish.
APPLE and many of the Strongest Tech stocks are down near their Green Lines, so we will wait to see if they bounce soon.
The US DOLLAR has been hurting the Tech Stocks. The Dollar is very over-bought, and should correct soon.
Crude Oil is finally up a $0.60 at $56.25 today after yesterday’s “Selling Climax” with huge Volume.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
SQ SQUARE, INC. Money Wave Buy today. Target is $83. Place Sell Stop Loss below Support of $67.21 on the Close.
Money Wave Buys Signals Soon:
AMD ADVANCED MICRO Wait for pull-back around $18.50.
CGC CANOPY GROWTH
CIEN CIENA CORP.
ENDP ENDO PHARMA.
I INTELSAT GLOBAL Wait for 2nd Buy Signal
TNDM TANDEM DIABETICS
VKTX VIKING THERA.
WMT WALMART INC. 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).
SELLS TODAY NONE TODAY
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.