Markets bounced up from extreme over-sold conditions today. The DOW Index and the NASDAQ 100 were able to hold Above their Green Lines, but the S&P 500 and Small Cap Indices did not hold.
This Market has become weaker than expected, as the S&P dumped below the Green Line of 2727 yesterday. But the Strongest Leaders should have nice bounces soon. Maybe another dip down on the Markets to re-test the recent Lows.
Interest Rates have stopped going up on the 10 Year Note.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
XLV HEALTH CARE FUND Money Wave Buy today (2nd Buy). Target is $92.00. Place Sell Stop Loss below recent Support of $86.27 on the Close.
AMZN AMAZON.COM Medium Term Buy today. AMZN will not be logged, as it is already up 7% today. (Maybe Buy tomorrow if it pulls back).
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon:
AES AES CORP.
AMD ADVANCED MICRO Wait for 2nd Buy Signal.
CGC CANOPY GROWTH CORP.
DNR DENBURY RESOURCES Wait for Medium Term Buy.
FTNT FORTINET INC.
I INTELSAT GLOBAL
P PANDORA MEDIA
PYX PYXUS INT’L. INC.
ROKU ROKU, INC. Wait for 2nd Buy Signal.
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.