Markets were up slightly today, but many of the Momentum Techs got hit hard. The S&P 500 FAILED at the Pink Line (10-day avg.) on Wednesday, and is slowly going back down to re-test the recent Lows near 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
LONG TERM BUYS (Buy on Friday’s Close)
ECYT ENDOCYTE, INC. Long Term Buy, but ECYT will not be logged as it is already up 51% this week.
IMMU IMMUNOMEDICS Long Term Buy, but IMMU will not be logged as it is already up 11% this week. (Maybe Buy near Red Line.)
Money Wave Buys Signals Soon:
AMZN AMAZON.COM Wait for Medium Term Buy.
CGC CANOPY GROWTH CORP.
DNR DENBURY RESOURCES
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
P PANDORA MEDIA slipped below Support on the Close yesterday and was Stopped Out about even.
Change AMD ADVANCED MICRO to Long Term (Sell Stop Loss Below the Green Line of $17.78) until it bottoms.
Change ROKU ROKU INC. to Long Term (Sell Stop Loss Below the Green Line of $44.94) until it bottoms.
Change TEAM ATLASSIAN CORP. to Long Term (Sell Stop Loss Below the Green Line of $65.31) until it bottoms.
EXIT CRON CRONOS GROUP if it is going to Close below the Pink Line around $10.19 on the Close. This trade was not logged.
EXIT TNDM TANDEM DIABETES if it is going to Close below the Pink Line around $36.25 on the Close. 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.
HAVE A NICE WEEKEND!