Money Wave Alert! Jul 23, 2019

POST UPDATED: July 23, 2019

Table of Contents

TLT Chart
Bonds are struggling on this bounce (TLT).

 

Markets were up today as Earnings were better than expected on some Companies.  The S&P 500 Index is back above the
Pink Line (10-day avg.) so more Buyers are coming in. Maybe a re-test of the Highs this week.

The S&P 500 Fund went into a Money Wave Buy Signal yesterday for the Short Term.  

Crude Oil was up $0.70  today at $56.92.

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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    7/23/2019    

 

AMD     ADVANCED MICRO      Money Wave Buy today. Target is $35.50.  EXIT if it is going to close below Support of $32.42.

 

SNAP     SNAP INC.       Money Wave Buy today. SNAP will not be logged, as it is already up 4.5 % today.

We will “Not Log” trades if the Reward/Risk is not at least 2:1.   

 

Money Wave Buys Signals Soon:   (Best to Buy these when the S&P 500 is also in the Green Zone.)          

RCII     RENT-A-CENTER

SPWR     SUNPOWER CORP.      

TEAM     ATLASSIAN CORP.     

XRX     XEROX CORP.

 

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     

 

EXIT     ARQL     ARQULE INC.      if it is going to Close Below your Buy Price, or $10.60. 

EXIT     TLT     US GOV’T. BOND FUND      if it is going to Close Below the Pink Line around $131.24. 

 

Lower the Sell Stop Loss on     HEXO     HEXO CORP.    to $4.50 until it bottoms.

 

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.   

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