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November 23, 2018

Money Wave Alert! Nov 23, 2018

DIA Chart
The DOW Index is back down in the Green Zone.

 

Markets  were down  today as AAPL is still weak and dragging down the Tech sector. Volume was Low Holiday trading.  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  dumped down today at  $51.00. 

____________________________________________________________________________________

The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.

 

BUYS TODAY   

 

KDP    KEURIG DR. PEPPER     Money Wave Buy today.  Target is $29.00. Place Sell Stop Loss below $25.65 on the Close.

 

DXCM    DEXCOM, INC     Money Wave Buy today.  DXCM will not be logged, as the Volume is below average.    

ETSY    ETSY, INC.    Money Wave Buy today.  ETSY will not be logged, as it is already up 3% today. 

TWLO    TWILLIO INC.    Money Wave Buy today.  TWLO will not be logged, as it is already up 5% today. 

We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

Money Wave Buys Signals Soon:   

AMD    ADVANCED MICRO        
ENDP    ENDO PHARMA.   Place Buy Stop Order above $13.75.
TRIP    TRIP ADVISOR   
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     

LOWER the Sell Stop Loss on    USO    US OIL FUND    to $10.50 until the Selling Climax is over.

 

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!

Posted By AbovetheGreenLine at 11:40 am Leave a Comment

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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