Markets were mixed today after the S&P 500 Index made a Higher High at 3399.54, but there was no Volume so the Buyers backed off. Now is the time for all of the Leaders to make Higher Highs. So far there has been a few Highs like AAPL & TSLA, but they are 50% and 130% Above the Green Lines on panic buying (almost unheard of historically).
Normally the S&P 500 Index will have profit taking up here around the Feb Highs and it needs to stay above the Pink Line (10-day avg.) of 3368, to remain Bullish.
Please WAIT for more Leaders to pop up out of the Green Zones for Money Wave Buy Signals. The better trades happen when the S&P 500 Index is also in the Green Zone. (Now the S&P 500 is back up in the Red Zone).
Please remember that the Markets are up 51% from the March Lows, and are over-bought from “Good News” Buyers.
Bonds were down today.
Crude Oil was up $0.02 today at $42.91.
BUYS TODAY 8/19/2020 NONE TODAY
Money Wave Buys Signals Soon (3 Days-3 Weeks Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Follow on the 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).
IAU GOLD FUND EXIT if it is going to Close below the Pink Line around $18.86. This trade was not logged.
KGC KINROSS GOLD CORP. KGC was Stopped Out 5% below the recent High (below $9.15). This trade was not logged.
Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20 and out of the Green Zone).
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.