Markets were mixed today as the buyers do not want to come in more without any positive news. The Money Wave Pops are extremely weak as AAPL & AMZN might already get Stopped Out today. NASDAQ 100 has not reached the previous Highs.
The Strongest Leaders are going back up to try for New Highs so the rally can continue.
The S&P 500 has Support at the January High of 2872… Closing below that could be “Bearish”. The Markets should attempt to re-test the recent Highs soon.
Crude Oil was up today at $69.00.
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 soon for:
ENDP ENDO PHARMA.
FNKO FUNKO CORP.
HEAR TURTLE BEACH CORP.
MNK MALLINCKRODT PLC
TGT TARGET CORP.
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).
EXIT AAPL APPL CORP. if it is going to Close below your Buy Price, or $223.85.
EXIT AMZN AMAZON.COM if it is going to Close below your Buy Price, or $1987.15.
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.
HAVE A NICE WEEKEND!