Markets were up today as the Tech and Momentum stocks finally bounced from being over-sold. We are waiting to see if the Indices are going to Hold and Bounce at the Support of the October Lows.
If the S&P 500 can make a Higher Low or Double Bottom soon, we could see a “W” pattern for a much larger rally up. Some Defensive Sectors are not dropping much at all, indicating that Money is not leaving the Markets, just rotating.
The Strongest Leaders need to hold above their Green Lines here, and then could see nice moves up. We have lowered the Stop on many Positions, betting on a “W” bounce of the Leaders.
Crude Oil is up today at $54.50.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY
NIHD NII HOLDINGS Money Wave Buy today. NIHD will not be logged, as it is already up 7% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon:
AMD ADVANCED MICRO
DXCM DEXCOM, INC
ENDP ENDO PHARMA. Place Buy Stop Order above $13.75.
ETSY ETSY, INC.
KDP KEURIG DR. PEPPER
TRIP TRIP ADVISOR
TWLO TWILLIO INC.
WMT WALMART INC. Relative Strength is Below 90.
XLP CONSUMER STAPLES FUND
XLV HEALTH CARE FUND 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.