Markets were up again today on lower Volume. Markets are finishing up for the week with a nice bounce of a possible “W” pattern back up. 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 down $0.75 today at $50.70.
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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
There were several Long Term Buys triggered on the Close today, but some are already up 10-20% and will not be logged. More on these on the Green Line Weekly on Sunday.
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 SBUX STARBUCKS CORP. if it is going to Close below your Buy Price, or $66.82.
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.
HAVE A NICE WEEKEND!
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