Markets were up slightly today on mild Buying. The S&P 500 Index is trying to bounce up off the Pink Line to avoid a Short Term Sell Signal.
Most of the Leaders and Indices were back up in the Red Zones (probably too late to Buy for the Short Term). Short Term Traders might want to raise some CASH.
Please WAIT for the Leaders to return back down to their Green Zones for Money Wave Buy Signals.
Crude Oil was up $0.50 today at $64.50.
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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
BEML.IN BEML LTD. (INDIA) Money Wave Buy today. Target is $1035.00. EXIT if it is going to Close Below Support of $947.25. (Not sure you can Buy BEML in the US).
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
ANF ABERCROMBIE & FITCH Relative Strength is Below 90.
CGC CANOPY GROWTH Medium Term Buy when it Closes above the Red Line of $43.66.
NCC.IN NCC LTD. (INDIA)
YUMC YUM CHINA HOLDINGS 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 SBGL SIBANYE GOLD LTD. if it is going to Close below the Pink Line around $4.46. This trade was not logged.
EXIT WPM WHEATON PRECIOUS METALS if it is going to Close below your Buy Price, or $23.44. 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.