Markets are grinding their way lower as the major Indices are at or Below their Green Lines. The S&P weekly chart is back down in the Green Zone (probably too late to Sell), but needs to bounce soon.
The Volatility or FEAR Index (VIX) has not been making New Highs lately, which could indicate a Market rally soon.
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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:
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).
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SELLS TODAY
EXIT MRK MERCK & CO if it is going to Close below the Pink line around $71.13.
CHANGE FDC FIRST DATA CORP. to Long Term (Sell Stop Loss below the Green Line of $20.64) until it bottoms.
CHANGE VKTX VIKING THERA. to Long Term (Sell Stop Loss below the Green Line of $10.31) until it bottoms.
CHANGE XLV HEALTH CARE FUND to Long Term (Sell Stop Loss below the Green Line of $85.73) until it bottoms.
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.