Markets were down today, as the Tech and Momentum stock got whacked. Volume is Low. Many do not feel that the Indices put in a Higher Low than the October Lows. Until that is known, Buying will not be solid.
If the S&P 500 can make a Higher Low or Double Bottom soon, we could see a “W” pattern for a much larger rally up. Some Defensive Sectors are not dropping much at all, indicating tha Money is not leaving the Markets, just rotating.
The Strongest Leaders need to hold above their Green Lines here, and then could see nice pops. We have lowered the Stop on many Positions today, betting on a “W” bounce of the Leaders.
Crude Oil is up today at $57.45.
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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
Money Wave Buys Signals Soon:
AMD ADVANCED MICRO Wait for pull-back around $18.50.
ENDP ENDO PHARMA. Place Buy Stop Order above $13.75.
ETSY ETSY, INC.
NIHD NII HOLDINGS
WMT WALMART INC. Money Wave must Close in the Green Zone.
XLV HEALTH CARE FUND Money Wave must Close in the Green Zone.
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
AMZN AMAZON.COM Lower Sell Stop Loss to $1,476.36 on the Close.
CGC CANOPY GROWTH Change to Long Term (Sell Stop Loss Below the Green Line around $31.10) until it bottoms.
CIEN CIENA CORP. Change to Medium Term (Sell Stop Loss below the Red Line around $31.19).
I INTELSAT GLOBAL Lower Sell Stop Loss to $23.05 on the Close.
LULU LULULEMON ATHLETICA Change to Long Term (Sell Stop Loss Below the Green Line around $115.46) until it bottoms.
SQ SQUARE INC. Change to Long Term (Sell Stop Loss Below the Green Line around $62.03) until it bottoms.
TNDM TANDEM DIABETICS Change to Long Term (Sell Stop Loss Below the Green Line around $24.85) until it bottoms. 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.