Markets were down today as most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term). Please be patient and wait for Green Zone Buy Signals.
Trading was again slow. The big FAANG Stocks are all struggling below their 50-day averages, which keeps the Short Term Traders out.
Crude Oil is down again at $60.05.
____________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY
Money Wave Buys Signals Soon:
AMD ADVANCED MICRO Wait for pull-back around $18.50.
ENDP ENDO PHARMA.
SQ SQUARE, INC. Wait for pull-back around $69.
USO US OIL FUND Wait for 2nd Buy.
VKTX VIKING THERA.
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 ROKU ROKU, INC. to $42.71 until it bottoms. The Red Line (50-day avg.) is up at $58.12.
LOWER the Sell Stop Loss on USO US OIL FUND to $12.70 until it bottoms. Money Wave is in the Green Zone, and the Red Line (50-day avg.) is up at $14.36.
EXIT CGC CANOPY GROWTH if it is going to Close below your Buy Price, or $40.09. This trade was not logged.
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.
Leave a Reply
You must be logged in to post a comment.