Markets were mixed today after Tuesday’s rally. The S&P 500 Index is now back up to the Sept. Highs of 2018, so there will normally be Resistance and Sellers up here. The S&P INDEX needs to hold up above the Pink Line of 2907 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 down $0.47 today at $65.85.
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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
IONS IONIS PHARM. Buy IONS if it is going to Close above $75.11 today. Target is $87.00. EXIT if it is going to Close below Support of $70.81.
TNDM TANDEM DIABETICS Medium Term Buy today. TNDM will not be logged as 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.)
HZNP HORIZON PHARM. (2nd Buy Signal). Medium Term Buy when it Closes above the Red Line.
SID COMPANHIA SIDERURGICA (2nd Buy Signal). Medium Term Buy when it Closes above the Red Line.
NON US INVESTMENTS:
IDFCFIRSTB.IN IDFC FIRST BANK (NSE)
NCC.IN NCC LTD. (NSE)
ORIENTBANK.IN ORIENTAL BANK (NSE)
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
CHANGE EWH HONG KONG FUND to Medium Term (Sell Stop Loss below the Red Line of $25.92 on the Close).
CHANGE SID COMPANHIA SIDERURGICA to Long Term (Sell Stop Loss the Green Line of $2.90) until it bottoms.
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.
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