Markets “Gapped Up” this morning on panic Buying, but then Selling finally came in later. The S&P 500 Index has Support at last week’s High of 2817. Closing below 2817 would be Bearish.
Many Leaders are back up to their Red Zones, so Short Term Investors should be raising Cash and checking their Sell Stops.
Crude Oil was down $0.10 today at $59.00
__________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY
VHC VIRNET X HOLDING Money Wave Buy today. VHC will not be logged as it is already up 11% today, and the Volume is below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
AMRN AMARIN CORP.
CGC CANOPY GROWTH Money Wave must Close in the Green Zone.
GDX GOLD MINING INDEX Money Wave must Close in the Green Zone.
KL KIRKLAND LAKE GOLD
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).
______________________________________________________________________________________
SELLS TODAY
EXIT AU ANGLOGOLD LTD. if it is going to Close below your Buy Price, or $13.40.
EXIT PBR PETROBRAS ENERGY on the Close today, or have a tight Sell Stop below it. We will try to Buy again lower.
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.