Markets were up again today as the FEAR seems to be disappearing. Many Investments are Closing stronger, but the Semiconductors are weak today.
The S&P 500 Index should Close back above the Red Line (50-day avg.) of 2859 today, which would be Bullish. The Leaders are bouncing up out of their Green Zones for Money Wave Buys.
The NASDAQ 100 INDEX (QQQ) and TECH Fund (XLK) are holding up better.
Crude Oil was up $1.02 today at $63.04. ______________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY
CVNA CARVANA CO. Closing above $66.10 today. CVNA will not be logged as it is already up 5 % today.
DIS WALT DISNEY CO. Probably Closing above $135.97 today, but the Volume is below average. DIS will not be logged.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
JLP.L JUBILEE PLATINUM (London LSE) Money Wave Buy today. We do not log Foreign Investments.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
ANF ABERCROMBIE & FITCH Medium Term Buy when it Closes Above the Red Line of $26.58.
CGC CANOPY GROWTH Medium Term Buy when it Closes Above the Red Line of $45.64.
EDU NEW ORIENTAL EDUCATION Medium Term Buy when it Closes Above the Red Line of $86.56.
FB FACEBOOK INC. Money Wave must Close in the Green Zone.
SMH SEMICONDUCTOR FUND Medium Term Buy when it Closes Above the Red Line of $110.01.
YUMC YUM CHINA HOLDINGS Relative Strength is Below 90.
ZIXI ZIXI CORP.
NON US INVESTMENTS (These will not be logged.)
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
EXIT TWLO TWILIO INC. on the Close today, or have a tight Sell Stop Below it. TWLO has bounced up 18% in 4 days. We will try to buy it again lower.
LOWER the Sell Stop Loss on PBR PETROBRAS ENERGY to $13.00 until it bottoms.
LOWER the Sell Stop Loss on QCOM QUALCOMM INC. to the previous Support of $82.26.
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.
