Markets dropped today, as the S&P 500 could not exceed the September Highs (Double Top) and sold off. The DOW Index made New Highs recently, but not much else.
Now some of the Leaders are correcting down enough for better Money Wave Buys soon. (The list is large now).
Bond prices have dumped as Bonds are finally worried about a stronger Economy and Inflation. The 30 year T-Bond Yield rose to a New High of 3.37% Rate today. Home Builders hate this, and are Below the Green Line.
Crude Oil was down today at $74.40.
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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 Money Wave must Close in the Green Zone.
AMZN AMAZON.COM
CRON CRONOS GROUP
LOW LOWES CO.
P PANDORA MEDIA
TEAM ATLASSIAN CORP.
TNDM TANDEM DIABETES
VKTX VIKING THERA.
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 MNK MALLINCKRODT PLC on the Close today (if you are still in it), as it is Below the Green Line.
EXIT ECYT ENDOCYTE INC. if it is going to Close below Support of $16.86. This trade was not logged.
EXIT QCOM QUALCOMM INC. if it is going to Close below your Buy Price, or Support of $72.60. This trade was not logged.
EXIT TRXC TRANSENTERIX, INC. if it is going to Close below your Buy Price, or Support of $6.01. 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.
