Markets were mixed today after yesterday’s rally to New Highs on the DOW INDEX & S&P 500 Index.
Higher Interest Rates are causing the Internals of the Markets to weaken (only 56% of the NASDAQ 100 Index is Bullish, compared to 82% at the January High).
Money Wave Pops have been weak (Over-bought Market), so please watch the Daily emails for Exits.
The S&P 500 now has Support at the January High of 2872… Closing below that could be “Bearish”.
Crude Oil was up today at $70.80.
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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:
CVNA CARVANA CO.
DRI DARDEN RESTAURANTS
FDC FIRST DATA CORP.
JWN NORDSTROM, INC.
PBF PBF ENERGY
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 KDP KEURIG DR. PEPPER if it is going to Close below the Pink Line around $23.68 on the Close.
EXIT HEAR TURTLE BEACH CORP. if it is going to Close below your Buy Price, or $20.11 on the Close. 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.
HAVE A NICE WEEKEND!