Markets were mostly down today as many Indices slipped below the Pink Lines (10-day avgs.) The S&P 500 dropped down to the January Support of 2872, and is trying to bounce. Falling below would be “bearish”. The Markets should lift off of this Support on heavy Volume to be very “bullish”. The Indices are quickly returning to their Green Zones for Buy Signals soon.
Please be patient and WAIT for the Leaders and Indices to return to their Green Zones for Money Wave Buy Signals.
Crude Oil was down today at $68.00.
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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
KDP KEURIG DR. PEPPER Money Wave Buy today IF it Closes above the Pink Line of $22.98. Target is $25.25. Place Sell Stop below the Support of $22.51 on the Close.
HEAR TURTLE BEACH CORP. Money Wave Buy today. HEAR will not be logged, as the Volume today is 1/2 normal. Maybe HEAR will be a Longer Term Buy when it breaks the down-trend line.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
CTL CENTURY LINK Money Wave must Close in the Green Zone.
DDD 3D SYSTEMS CORP.
XLK TECH 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 NONE TODAY
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.
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– CTL