Markets are up slightly today, as buyers decided that the S&P 500 would hold at the Red Line (50-day avg.) Now it must make New Highs soon for the rally to continue.
The Tech Stocks are bouncing out of the Green Zone.
Bonds have dumped for the last 2 weeks, but are now over-sold on the Short-Term.
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:
EWY SOUTH KOREA FUND Money Wave Buy today. We will not log, as EWY is Way Above the Green Line.
MLCO MELCO RESORTS Money Wave Buy today. We will not log, as MLCO has poor Volume today.
ORCL ORACLE CORP. Money Wave Buy today. Please Sell Stop Loss Below $48.77 on the Close.
TCEHY TEN CENT HOLDINGS Money Wave Buy today. We will not log, as TCEHY has poor Volume today.
Money Wave Buys soon for: BLUE BLUEBIRD BIO & IMMU IMMUNOMEDICS,
We will email you when they are ready. Click on WatchList
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:
RAISE Sell Stop Loss on NVDA NVIDIA CORP. to the Pink Line, or $146.68.
Click for PORTFOLIO (Open Positions)
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
– EWY