Markets “Gapped Up” on the opening and then faded later on. The S&P 500 Index is over-bought and needs to stay above the Pink Line of 2891 to avoid a Short Term Sell Signal.
Please WAIT for the Leaders to return back down to their Green Zones for Money Wave Buy Signals.
Crude Oil was up $0.67 today at $64.07.
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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 Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
ARRY ARRAY BIOPHARMA
AVP AVON PRODUCTS (2nd Buy Signal).
CGC CANOPY GROWTH Medium Term Buy when it Closes above the Red Line of $43.33.
HZNP HORIZON PHARM. (2nd Buy Signal).
PLUG PLUG POWER INC. Money Wave must Close in the Green Zone.
VFF VILLAGE FARMS INT’L.
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 Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
LOWER the Sell Stop Loss on AVP AVON PRODUCTS to $2.62 on the Close.
BEML.IN BEML LTD. (India) was Stopped Out on today’s Close at $965.00.
EXIT GDX GOLD MINING FUND if it is going to Close below the Red Line of $22.19.
LOWER the Sell Stop Loss on UNG US NAT”L GAS FUND to $22.00 until it bottoms.
EXIT SBUX STARBUCKS CORP. if it is going to Close below the Pink Line around $75.38. 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.