Markets bounced up big today on lower Volume as the FEAR has subsided. The S&P 500 is rallying back up towards the Pink Line (10-day avg.) and then it could easily go back down after the STEEP decline last week. This week’s rally could be the middle of a “W” and then maybe down once more to re-test the Green Line (250-day avg.) in a few days.
Eventually the S&P should work its way back up towards the Red Line (50-day avg.) in a few weeks.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
FDC FIRST DATA CORP. This will be the 2nd Money Wave Buy today. Target is $26.65. Place Sell Stop Loss below the recent Support of $22.15 on the Close.
USO US OIL FUND Money Wave Buy today. Target is $16.25. Place Sell Stop Loss below the recent Support of $14.89 on the Close.
DNR DENBURY RESOURCES Money Wave Buy today. DNR will not be logged as it is already up 3% today and the Volume is lower.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon:
AMZN AMAZON.COM Wait for Medium Term Buy.
LOW LOWES CO. Wait for Medium Term Buy.
ROKU ROKU, INC. Wait for 2nd Buy Signal.
TRXC TRANENTERIX INC. Wait for Medium Term Buy.
SQ SQUARE, INC. Wait for Medium Term Buy.
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 NONE TODAY
Many Sell Stops have been RAISED up. 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.