Markets are mixed today, after the weaker Indices slipped below the Red Lines (50-day avgs.) yesterday for some Medium Term Sell Signals. The S&P 500 fell below the previous Support at 2437, so next Support is around 2408.
Try to Buy Investments that can Hold above their Red Lines next week. The DOW Index, and the Tech Fund are holding up the best.
Crude Oil is up again today at $48.70 / barrel.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY: NONE TODAY
Money Wave Buys soon for: JD JD.COM, IPI INTREPID POTASH, NFLX NETFLIX INC, RH RESTORATION HARDWARE & VRTX VERTEX PHARM. We will email you when they are ready. Click on WatchList
Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are still Way Above the Green Lines (all Investments eventually return to their Green Lines).
SELLS TODAY: NONE TODAY
Most were Stopped Out yesterday…
PORTFOLIO (Open Positions)
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.
HAVE A NICE WEEKEND!
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