Markets were up today and the S&P 500 was able to bounce up from the Pink Line (10-day avg.) of 2787 to avoid a Short Term Sell Signal. Now the S&P 500 needs to exceed Monday’s high of 2813.
Markets are over-bought again, as many Leaders are back up in the Red Zones (probably too late to Buy for the Short Term).
Please be patient and WAIT for Money Wave Buy Signals.
Crude Oil was down $1.45 today at $55.80.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY
LONG TERM BUY ACAD ACADIA PHARM. broke out this week at $23.55 and was up 15% for the week, so we will Buy it on the next Daily Green Zone Buy Signal.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
AMD ADVANCED MICRO
AU ANGLOGOLD LTD.
GDX GOLD MINING FUND
IAU GOLD FUND Relative Strength is Below 90.
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 Way Above the Green Lines (all Investments eventually return to their Green Lines).
LOWER PBR PETROBRAS ENERGY Sell Stop Loss to 15.24, as it is back in the Green Zone with 96 Relative Strength.
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!