Markets were down today as the S&P 500 FAILED at the Pink Line (10-day avg.) and is going back down to re-test the recent Lows.
This week’s rally could be the middle of a “W” and the Strongest will not make it all the way back down to the Green Line (250-day avg.)
Most likely the S&P will hold Support, and work its way back up towards the Red Line (50-day avg.) in a few weeks.
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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
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.
PYX PYXUS INT’L. INC.
TRXC TRANSENTERIX INC. Wait for Medium Term Buy.
SQ SQUARE, INC. Wait for Medium Term Buy.
XLY CONSUMER FUND 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).
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SELLS TODAY
LOWER the Sell Stop Loss on AMD ADVANCED MICRO to the Red Line of $26.27 on the Close.
LOWER the Sell Stop Loss on USO US OIL FUND to $14.50 on the Close.
EXIT CGC CANOPY GROWTH if it is going to Close below your Buy Price, or $49.00 on the Close. 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.