Markets were up again today as the S&P 500 bounced off the Pink Line (10-day avg.) of 2809 to avoid a Short Term Sell Signal. Earnings are coming out and 2 more FAANG Stocks report this week (FaceBook tonite & Amazon tomorrow). Many Traders don’t want to Sell before those “Darlings” report.
The NASDAQ 100 INDEX is on Highs, mainly from the FAANG Stocks with an average P/E Ratio of 101.
Most recent Money Wave Buys are NOT POPPING well, indicating an Over-Bought Market. Money Wave Pops are better when the entire Markets pull-back down into the Green Zones.
Please be patient and WAIT for the Leaders to return back down to their Green Zones, for more Money Wave Buy Signals.
Crude Oil was up today at $69.30.
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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
SRPT SEREPTA THERA. Money Wave Buy today. SRPT 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:
ECYT ENDOCYTE, INC.
FOXA 21st CENTURY FOX This would be a 2nd Buy at a lower price.
LULU LULULEMON ATHLETICA
UAA UNDER ARMOUR
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 NONE TODAY
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.