Markets were mixed again today as the S&P 500 is sitting on top of the Red Line (50-day avg.) and Support of 2872. Soon a decision will be made to bounce back up towards the Highs, or fall below. Probabilities are for a bounce, as the Leaders have become Over-Sold and are in their Green Zones.
The Strongest Leaders have corrected down enough for better Money Wave Buys soon. Try to Buy Investments that are holding Above the Red Lines (50-day avg.) as they should bounce better.
Crude Oil was up today at $74.80.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
ROKU ROKU INC. Money Wave Buy today. Target is $78.00. Place Sell Stop below recent Support of $62.51 on the Close.
Money Wave Buys Signals Soon:
BSX BOSTON SCIENTIFIC CORP.
CRON CRONOS GROUP
LOW LOWES CO.
QCOM QUALCOMM, INC.
SQ SQUARE, INC. Money Wave must Close in the Green Zone.
TEAM ATLASSIAN CORP.
XLV HEALTH CARE FUND Money Wave must Close in the Green Zone.
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.