Markets were up again today as the Tech stocks continued higher. The Large FAANG stocks keep moving up, but many sectors are not moving much. The Money Wave bounces are not very strong, so far.
Most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term), so Short Term Traders should be raising Cash soon.
Crude Oil was down again today at $64.85 as Oil has continued to dump from the recent Highs.
Please be patient, and WAIT for the Leading Investments to return to the Green Zones for more Money Wave Buy Signals.
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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
WTW WEIGHT WATCHERS INT’L. Money Wave Wave Buy today. We will not log WTW, 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:
GERN GERON CORP.
MU MICRON TECH Money Wave must Close in the Green Zone.
TLRD TAILORED BRANDS
USO US OIL FUND
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
LOWER the Sell Stop Loss on WTI W&T OFFSHORE to today’s Low of $6.22 on the Close, to avoid being Flushed out near the Red Line (50-day avg.)
EXIT RIG TRANSOCEAN INC. if it is going to Close below your Buy Price, or $12.57 on the Close. This trade was not logged.
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.
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– GERN
