Markets were down today on mild Selling. The Money Wave Pops have been extremely weak and more positions will get Stopped Out today. NASDAQ 100 has not reached the previous Highs.
The Strongest Leaders needs to make New Highs soon for the rally to 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 down today at $68.75.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
ENDP ENDO PHARMA. Money Wave Buy today. ENDP will not be logged, as the Volume is below average.
Money Wave Buys soon for:
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 I INTERSAT GLOBAL if it is going to Close below your Buy Price, or $22.92.
EXIT NTAP NETWORK APPLIANCE if it is going to Close below the Pink Line around $84.69.
EXIT XLK TECH FUND if it is going to Close below the Pink Line around $74.37.
EXIT VSTM VERASTEM, INC. if it is going to Close below Support of $8.63. This trade was not logged.
EXIT XLY CONSUMER FUND if it is going to Close below the Pink Line around $116.44. This trade was not logged.
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.