Markets were up today on Trade Hopes. The DOW Index & S&P 500 bounced up off their Pink Lines (10-day averages) to avoid Short Term Sell Signals. The Strongest Leaders need 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 up today at $69.85.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
MNK MALLINCKRODT PLC Medium Term Buy Today. Target is $36.00. Place Sell Stop Loss below recent Support os $28.50 on the Close.
TGT TARGET CORP. Money Wave Buy today. Target is $90.50. Place Sell Stop Loss below recent Support os $86.65 on the Close.
Money Wave Buys soon for:
FNKO FUNKO CORP.
GERN GERON CORP.
HEAR TURTLE BEACH CORP.
TNDM TANDEM DIABETES 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.