Markets were slightly higher again today as the Indices moved on up with lower Volume. Most Investors don’t see a reason to Sell, except that the Markets are Over-Bought on the Charts. The S&P 500 Index needs to hold above the Pink Line (10-day avg.) of 2920, 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 $0.20 today at $63.50.
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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
SNAP SNAP, INC. Money Wave Buy today. SNAP will not be logged as it is already up 3% today.
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.)
ASHR CHINA FUND
IONS IONIS PHARM. Buy if it is going to Close above $75.11.
KEYS KEYSIGHT TECH. Money Wave must Close in the Green Zone.
RIO RIO TINTO PLC Relative Strength is Below 90.
SID COMPANHIA SIDERURGICA (2nd Buy Signal). Medium Term Buy when it Closes above the Red Line of $3.74.
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 NONE TODAY
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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