Markets were up slightly today after dipping lower in the morning. Looks like a “W” pattern back up, but the rally is getting over-bought on the Short Term.
Please check the Sell Stops in the PORTFOLIO as many have been tightened up.
Try to own only the Strongest Leaders that can hold above their Green Lines here, and they could see nice moves up.
Crude Oil was up $1.36 today at $51.65.
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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
ULTA ULTRA BEAUTY, INC. Money Wave Buy today. ULTA will not be logged, as the Volume is below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon:
ENDP ENDO PHARMA Place Buy Stop Order above $13.02.
EUM INVERSE EMERGING MARKETS FUND
LW LAMB WESTON
RWM INVERSE SMALL CAP FUND
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 AMZN AMAZON.COM on the Close today, or have a tight Sell Stop Loss below it.
EXIT TEAM ATLASSIAN CORP. on the Close today, or have a tight Sell Stop Loss below it.
EXIT SQ SQUARE INC. if it is going to Close below your Buy Price, or $69.81
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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