Markets dumped today, as the Indices returned to the Red Lines (50-day avgs). The DOW Index is holding up the best, and the weaker Techs are trying to hold above the June Lows.
S&P 500 has bounced at the Red Line (50-day avg.) around 2409, where Buyers have come in.
The Financials had a big pop this morning.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY: NONE TODAY
Too many to List today!
Money Wave Buy Signals soon: We will email you when they are ready. Click on WatchList
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).
SELLS TODAY:
LOWER SELL STOP LOSS on EA ELECTRONIC ARTS to $105.54, as EA is back in the Green Zone.
LOWER SELL STOP LOSS on NVDA NVIDIA CORP. to $144.08, as NVDA is back in the Green Zone.
EXIT BABA ALIBABA if it is going to Close below the Pink Line around $140.95.
EXIT EWW MEXICO FUND if it is going to Close below the Pink Line around $53.56.
Click for PORTFOLIO (Open Positions)
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.
just wondered if stops on nvda and ea are hard stops or after the close
Hi Toby, the Rules require a CLOSE below Support, to avoid intra-day whip-saws, and Stop Running by the Market Makers.
Thank you.
thanks for the quick reply, thankyou