Markets were mixed today, but the Tech stocks bounced up from over-sold levels. The S&P 500 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.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
AMZN AMAZON.COM Medium Term Buy today if it is going to Close above $1788. Target is $2050. Place Sell Stop Loss below Support of $1685.10.
XLK TECH FUND Medium Term Buy today if it is going to Close above $70.58. Target is $76.00. Place Sell Stop Loss below Support of $68.07.
Money Wave Buys Signals Soon:
AMD ADVANCED MICRO Wait for 2nd Buy Signal.
CGC CANOPY GROWTH CORP.
DNR DENBURY RESOURCES
P PANDORA MEDIA
PYX PYXUS INT’L. INC.
ROKU ROKU, INC. Wait for 2nd Buy Signal.
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).
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.