Markets were down today and the S&P 500 needs to bounce up from the Pink Line (10-day avg.) of 2778 to avoid a Short Term Sell Signal.
Markets were over-bought again, as many Leaders were 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 up $1.55 today at $57.05.
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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
PBR PETROBRAS ENERGY Money Wave Buy today. Target is $19.00. EXIT if it is going to Close below the recent Support of $16.15.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
AVGO BROADCOM, INC.
GDX GOLD MINING FUND Money Wave must Close in the Green Zone.
MTCH MATCH GROUP Money Wave must Close in the Green Zone.
TNDM TANDEM DIABETICS 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 Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
EXIT SBUX STARBUCKS CORP. if it is going to Close below the Pink Line around $70.72.
EXIT IAU GOLD FUND if it is going to Close below the Pink Line around $12.69. 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.