Markets were higher today as the S&P 500 bounced off the Red Line (50-day avg.) Many Leaders other than Energy Investments are back up in the Red Zones (probably too late to Buy for the Short Term).
The Strong Energy Stocks have taken off like rockets out of the Green Zones!
Bonds are pulling back today after yesterday’s big rally.
Crude Oil was up today at $68.35.
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
ETFC E-TRADE FINANCIAL Money Wave Buy today. Place Sell Stop Loss below Support of $61.93 on the Close.
NTNX NUTANIX, INC. Money Wave Buy today. Place Sell Stop Loss below Support of $51.05 on the Close.
CRC CALIFORNIA RESOURCES This Trade will not be logged as CRC is already up 8% today.
LGCY LEGACY RESERVES This Trade will not be logged as LGCY is already up 25% today.
RIG TRANSOCEAN, INC. This Trade will not be logged as RIG is already up 4% today.
XOP OIL & GAS FUND This Trade will not be logged as XOP is already up 4% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
SPLK SPLUNK INC. Money Wave must Close in the Green Zone.
USO US OIL FUND
WTI W&T OFFSHORE
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 ANF ABERCROMBIE & FITCH if it is going to Close Below the Red Line around $28.30. 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
– SPLK
