Markets have bounced up, but the Money Wave Pops from yesterday are weak so far. This indicates a lack of Buyers, as the major Indices are back up near Highs. Please have Sell Stops below recent Short Term purchases.
The DOW and S&P 500 were able to bounce off their Pink Lines (10-day avgs.) but must make New Highs for this rally to continue.
When the Markets pull-back, try to Buy Investments that recently made new Highs.
Crude Oil is up today at $57.35.
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Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY
EXAS EXACT SCIENCES Money Wave Buy today. We will not log EXAS, as the Volume is below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Please wait for Investments to return to their Green Zones, and create more 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 YY YY INC. if it is going to Close Below your Buy Price, or $109.61.
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!
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Thank you.
Thanks so much for your charts. I have been following you for quite a few years and have gained a lot of knowledge from your charts.
You are very kind, D!
Good trading, and tell your friends!
Is the stock grow overbought
Yes GROW is 300% Above the Green Line and very Over-bought.
It is also very Strong, and was not showing up in the filter because a lack of Relative Strength.
We will add GROW to our database… Next Green Zone Buy could be good (maybe near the Pink Line).