Markets rallied today as the S&P 500 is trying to Bounce up off the Green Line (250-day avg.) Now the S&P should work its way back up towards the Red Line (50-day avg.) in a few weeks.
The FEAR Index (VIX) made a Lower High today, indicating that the FEAR is leaving.
The Strongest Leaders have corrected down enough for better Money Wave Buys soon. Try to Buy Investments that are holding Above the Red Lines (50-day avg.) as they should bounce better.
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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
VKTX VIKING THERA. Money Wave Buy today (2nd Buy). Target is $20.00. Place Sell Stop Loss below the recent Support of $13.35 on the Close.
TEAM ATLASSIAN CORP. Medium Term Buy today. Target is $90.00. Place Sell Stop Loss below the recent Support of $76.12 on the Close.
Money Wave Buys Signals Soon:
AMZN AMAZON.COM Relative Strength is Below 90.
BSX BOSTON SCIENTIFIC CORP.
DNR DENBURY RESOURCES
FDC FIRST DATA CORP. Wait for 2nd Buy Signal.
LOW LOWES CO.
MRK MERCK & CO.
ROKU ROKU, INC. Wait for 2nd Buy Signal.
SQ SQUARE, INC.
USO US OIL 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).
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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.
HAVE A NICE WEEKEND!
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