Markets were higher today as the DOW Index surged up more. The S&P 500 Index got above the recent High of 2996, and is now at 3012 for the rally to continue. Markets are currently over-bought so Short Term traders might want to raise some Cash.
The Pot Stocks are getting whacked today, so we are lowering the Sell Stops on them.
New Subscribers, please be patient and WAIT for the Money Wave Buy signals below. The Markets have just bounced up 9 % off the Green Line since the June Low.
Bonds are up slightly today, and are back down into the Green Zone for a Money Wave Buy soon.
Crude Oil was up $0.08 today at $60.30.
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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 7/12/2019
KEYS KEYSIGHT TECH Money Wave Buy today. KEYS will not be logged as the Volume is below average.
TER TERADYNE INC. Money Wave Buy today, but the Relative Strength is Below 90 so don’t Buy. (Breaks the Rules).
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
THERE WILL BE NO LONG TERM BUYS THIS WEEK.
Money Wave Buys Signals Soon: (Best to Buy these when the S&P 500 is also in the Green Zone.)
DHR DANAHER INC.
SAP SAP AG Money Wave must Close in the Green Zone.
TLT US GOVT. BOND FUND 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 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 CGC CANOPY GROWTH to $34.00 until it bottoms. GCG is back down in the Green Zone and we will hope for a bounce up near the Red Line around 41.00.
CHANGE CRON CRONOS GROUP to Long TERM (Sell Stop Loss below the Green Line of $13.85).
LOWER the Sell Stop Loss on HEXO HEXO CORP. to $4.80 until it bottoms. We will Sell on the next rally up.
EXIT XLRE REAL ESTATE FUND if it is going to Close below the Pink Line around $37.61. This trade was not logged.
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!
Thanks, have a good weekend. Awesome daily and hourly charts. Best week two weeks in a year.
Thank you very much!
Maybe send a little to help the animals.
AGL
Put an extra week in that comment. I definitely will. Thanks
Good luck!