Markets are down today, after “Gapping Up” for 3 days on Panic Good News Buying.
The Tech Stocks are trying to hold above the Pink Line (10-day avg.) to avoid a Short Term Sell Signal.
Please be patient and WAIT for pull-backs… Last month’s dip in the Markets set up some nice trades.
Crude Oil is up again today around $49 / barrel.
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: NONE TODAY
Money Wave Buys soon for: RH RESTORATION HARDWARE & SHOP SHOPIFY INC. 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:
EXIT ORCL ORACLE CORP. if it is going to Close Below the Pink Line around $50.76.
EXIT EXTR EXTREME NETWORKS if it is going to Close Below your Buy Price, or $9.31.
EXIT CALA CALITHERA BIO if it is going to Close Below Support of $15.20.
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.