Markets dropped down today, as the S&P 500 went back down to re-test the recent Lows near the Green Line (250-day avg.)
So far the S&P is holding above Support and the Green Line, and then it 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:
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).
CHANGE USO US OIL FUND to Long Term (Sell Stop Loss below the Green Line of $13.46) until it bottoms.
EXIT ETP ENERGY TRANSFER for a small loss, as it has been merged into ET stock.
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.