Markets were down today as AAPL dropped on Earnings concerns, and many Leaders are back up in the Red Zones (probably too late to Buy for the Short Term). The S&P is still struggling to Close above Green Line of 2726.
Be careful Buying now for Short Term Trading (maybe another dip back down soon).
Crude Oil is down again at $63.00.
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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
LONG TERM BUYS – Two Retailers closed above their 50-day avg. this week for a Buy Signal, but we don’t want to Chase them. (Both up 10% or more).
FOSL FOSSIL GROUP up 12%.
M MACY’S INC. up 10%.
Money Wave Buys Signals Soon:
AMD ADVANCED MICRO Wait for pull-back around $18.50.
AMZN AMAZON.COM Wait for Medium Term Buy (Above Pink Line).
CGC CANOPY GROWTH CORP. Wait for Medium Term Buy (Above Pink Line).
EUM INVERSE EMERGING MARKET FUND
ROKU ROKU, INC. Wait for pull-back around $53.
SQ SQUARE, INC. Wait for pull-back around $69.
USO US OIL FUND Wait for 2nd Buy.
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 USO US OIL FUND to today’s Low of $13.27 on the Close. USO is back down in the Green Zone.
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.
HAVE A NICE WEEKEND!
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