Markets were mixed today as the S&P 500 is trying bottom after last week’s decline… Maybe down once more to re-test the Green Line (250-day avg.) in a few days. Then the S&P should work its way back up towards the Red Line (50-day avg.) in a few weeks.
Cannabis Stocks are up big today! (If you bought any on the List).
The Strongest Leaders have corrected down enough for better Money Wave Buys soon. Try to Buy Investments that are holding Above the Red Lines (50-day avg.) as they should bounce better.
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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
BSX BOSTON SCIENTIFIC CORP. Money Wave Buy today. Target is $40.00. Place Sell Stop Loss below the recent Support of $35.84 the Close.
MRK MERCK & CO. Money Wave Buy today. Target is $73.00. Place Sell Stop Loss below the recent Support of $67.82 on the Close.
XLV HEALTH CARE FUND Money Wave Buy today. Target is $96.00. Place Sell Stop Loss below the recent Support of $89.04 on the Close.
Money Wave Buys Signals Soon:
AMZN AMAZON.COM Wait for Medium Term Buy.
DNR DENBURY RESOURCES
FDC FIRST DATA CORP. Wait for 2nd Buy Signal.
LOW LOWES CO. Wait for Medium Term Buy.
ROKU ROKU, INC. Wait for 2nd Buy Signal.
TRXC TRANENTERIX INC. Wait for Medium Term Buy.
SQ SQUARE, INC. Wait for Medium Term Buy.
USO US OIL FUND
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.
Related Post
– DNR
