Markets were very slow today, as the Indices have not been able to exceed Monday’s Highs. The S&P 500 is trying to stay above the Pink Line (10-day avg.) around 2709 to avoid going into a Short Term Sell Signal.
Please be patient, and WAIT for the Leading Investments to return to the Green Zones for more Money Wave Buy Signals.
Crude Oil was down today at $71.35.
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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 NONE TODAY
The Relative Strength on ERIC ERICSSON TELEPHONE has dropped below 90, so ERIC does not Follow the Rules.
Money Wave Buys soon for:
GERN GERON CORP. Money Wave must Close in the Green Zone.
HLF HERBALIFE NUTRITION
MLCO MELCO RESORTS Money Wave must Close in the Green Zone.
NIHD NII HOLDINGS
RHT RED HAT INC.
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
EXIT GBT GLOBAL BLOOD if it is going to Close below the Red Line of $48.08.
EXIT MU MICRON TECH if it is going to Close below your Buy Price, or $53.39.
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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– MLCO
