Markets are mixed today, as the Indices struggle to Hold Above the Pink Lines (10-day avgs.) to avoid Short Term Sell Signals.
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 $49.75 / 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: EXTR EXTREME NETWORKS, 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 CLVS CLOVIS ONCOLOGY on the Close today for a 12% Gain, or have a tight Sell Stop Loss Below it.
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.
HAVE A NICE WEEKEND!