Markets “Gapped Up’ on Good News and Break Out buying as the S&P 500, NASDAQ, and Small Cap Indices made New Highs again today on lower Volume. Very few individual stocks are making New Highs.
The DOW Transport Index made new Highs, but the DOW Industrial Index has not (DOW Theory).
The Leaders are back up in the Red Zones (probably too late to Buy for the Short Term).
Please be patient and WAIT for the Leaders and Indices to return to their Green Zones for Money Wave Buy Signals.
Crude Oil was up today at $68.90.
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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
CTL CENTURYLINK INC. Money Wave Buy today. CTL will not be logged, as the Volume is below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
KDP KEURIG DR. PEPPER Buy when KDP Closes above the Pink Line.
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).
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SELLS TODAY
EXIT HRTX HERON THERA. if it is going to Close below the Pink Line around $38.81. 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.
Related Post
– KDP
