Markets were mixed today, on a small range day. The S&P 500 Index is drifting sideways, but has been holding above the Pink Line of 2898 to avoid a Short Term Sell Signal.
Please WAIT for the Leaders to return back down to their Green Zones for Money Wave Buy Signals.
Crude Oil was up $1.60 today at $65.70.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
ARRY ARRAY BIOPHARMA
EWH HONG KONG FUND
HZNP HORIZON PHARM. (2nd Buy Signal). Medium Term Buy when it Closes above the Red Line.
IONS IONIS PHARM.
NVTA Invitae Corp.
PLUG PLUG POWER INC. Money Wave must Close in the Green Zone.
SID COMPANHIA SIDERURGICA (2nd Buy Signal).
TNDM TANDEM DIABETICS Medium Term Buy when it Closes above the Red Line.
NON US INVESTMENTS:
IDFCFIRSTB.IN IDFC FIRST BANK (NSE)
JLP.L JUBILEE PLATINUM (LSE)
ORIENTBANK.IN ORIENTAL BANK (NSE)
SBER.L SHERBANK OF RUSSIA ADR (LSE)
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).
CHANGE AVP AVON PRODUCTS to Long Term (Sell Stop Loss below the Green Line), as AVP is back down in the Green Zone.
LOWER the Sell Stop Loss on SID COMPANHIA SIDERURGICA to $3.65 on the Close.
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.