Markets were down earlier today until the FED announced that they would not Raise Rates again this year. Is the Economy really that weak? Bonds and Commodities think so. The US Dollar dropped, and GOLD rose.
The S&P 500 Index went down below Support at last week’s High of 2817, but bounced up on the FED Talk. Closing below 2817 would be Bearish.
Please be patient and WAIT for the Leaders to return back down to their Green Zones, for Money Wave Buy Signals.
Crude Oil was up $0.80 today at $60.15.
__________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY
GDX GOLD MINING INDEX Money Wave Buy today. Target is $24.00. EXIT if it is going to Close below Support of $21.83.
KL KIRKLAND LAKE GOLD Medium Term Buy. Target is $37.00. EXIT if it is going to Close below the Red Line of $31.91.
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.
RCCI RENT-A-CENTER
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 ITUB ITAU UNIBANCO if it is going to Close below the Red Line of $9.42. This trade was not logged.
Please check today’s Sell Stops… Market is backing off near the Close… PORTFOLIO
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.