Markets dropped down in the morning, and then recovered. Some of the Indices were down near the April Support. The Small Caps and NASDAQ 100 Indices are holding up the best.
The Markets must now get back Above the Red Lines (50-day avgs.) to bring in more Buying.
Crude Oil was up today at $68.50.
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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
AEO AMER. EAGLE OUTFITTERS Money Wave Buy today. Place Sell Stop Loss below Support of $20.06 on the Close.
Money Wave Buys soon for:
ANF ABERCROMBIE & FITCH Money Wave must Close in the Green Zone.
ERIC ERICSSON TELEPHONE
GERN GERON CORP. Money Wave must Close in the Green Zone.
MU MICRON TECH This will be a 2nd entry for a Short Term Trade.
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 GES GUESS? INC. if it is going to Close Below the Pink Line around $23.14. This trade was not logged.
EXIT RUN SUNRUN INC. if it is going to Close Below the Pink Line around $9.06. 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.
Related Post
– ANF
