Money Wave Alert! Jul 16, 2018

POST UPDATED: July 16, 2018

Table of Contents

IWM Chart
Small Caps are Quickly returning to the Green Zone.

 

Markets were mixed today with very little movement.  Most of the Leaders were back up in the Red Zones (probably too late to Buy for the Short Term). 

Please be patient and WAIT for the Leaders to return back down to their Green Zones, for more Money Wave Buy Signals. 

Crude Oil  was down today at  $68.35. 

_____________________________________________________________________________________

The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.

 

BUYS TODAY    

ASNA    ASCENA RETAIL GROUP   Money Wave Buy today.  ASNA will not be logged, as it is already up more than 5% today.

We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

Money Wave Buys soon for:

ARLQ   ARQULE, INC.
CRC    CALIFORNIA RESOURCES
DNR    DENBURY RESOURCES    Money Wave must Close in the Green Zone.
KSS    KOHLS CORP.    Money Wave must Close in the Green Zone.
WTW    WEIGHT WATCHERS

 

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).

______________________________________________________________________________________

SELLS TODAY   

 

EXIT      UAA    UNDER ARMOUR   if it is going to Close below the Red Line of $21.38.

EXIT      EC    ECOPETROL SA    if it is going to Close below the Red Line of  $20.55.  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.

Related Post

WTW

Become a Greenliner. Join Today

Candlestick. A Swing Traders Friend

A snapshot of the daily updates that help traders stay aligned with market direction.

Download our free ebook - Candlestick A swing traders friend