Markets rallied up today after being extremely Over-Sold. The Markets might go back down again to re-test Monday’s low.
The Leaders are down to their Green Zones for Money Wave Buys soon. The S&P 500 Index needs to Close back above the Red Line (50-day avg.) of 2859, to become Bullish. The NASDAQ 100 INDEX (QQQ) and TECH Fund (XLK) are holding up better.
The Watch List below has grown, which normally means a rally is coming. Please WAIT for Money Wave Buy Signals from the Leaders.
Crude Oil was up $0.65 today at $61.70.
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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
AYX ALLERYX, INC. Money Wave Buy today. AYX will not be logged, as it is already up 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 when the S&P 500 is also in the Green Zone.)
ANF ABERCROMBIE & FITCH
CGC CANOPY GROWTH Money Wave must Close in the Green Zone.
CVNA CARVANA CO.
DIS WALT DISNEY CO. Buy if it Closes above $135.97 on High Volume.
EDU NEW ORIENTAL EDUCATION Medium Term Buy when it Closes Above the Red Line of $86.64.
FB FACEBOOK INC. Money Wave must Close in the Green Zone.
HEXO HEXO INC.
SMH SEMICONDUCTOR FUND Medium Term Buy when it Closes Above the Red Line of $110.14.
SNAP SNAP, INC.
TTD TRADE DESK INC. Medium Term Buy when it Closes Above the Red Line of $197.94.
XLK TECH FUND Medium Term Buy when it Closes Above the Red Line of $75.02.
XLY CONSUMER FUND Medium Term Buy when it Closes Above the Red Line of $115.60.
YUMC YUM CHINA HOLDINGS Medium Term Buy when it Closes Above the Red Line of $43.67.
NON US INVESTMENTS (These will not be logged.)
HLMA.L HALMA INC. (London LSE)
JLP.L JUBILEE PLATINUM (London LSE)
RECLTD.IN RURAL ELECTRIFICATION CORP. (India NSE)
WIPRO.IN WIPRO LTD. (India NSE)
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 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.
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– (QQQ)
