Markets were mixed today after yesterday’s big rally. The S&P 500 has rallied back up to the Pink Line (10-day avg.) and then it could easily go back down after the STEEP decline last week. So be cautious Buying at this time.
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.
BUYS TODAY NONE TODAY
Money Wave Buys Signals Soon:
AMZN AMAZON.COM Wait for pull-back.
DNR DENBURY RESOURCES (Back in the Green Zone)
ROKU ROKU, INC. Wait for 2nd Buy Signal.
TRXC TRANSENTERIX 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).
EXIT BSX BOSTON SCIENTIFIC on the Close today, or have a tight Sell Stop Loss below it it capture a 5% Gain.
LOWER the Sell Stop Loss on USO US OIL FUND to $14.69 on the Close.
EXIT DNR DENBURY RESOURCES if it is going to Close below Support of $5.52. This trade was not logged.
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.