Markets were up slightly again today as the FEAR in the Markets has completely gone now. The FEAR INDEX ($VIX) is the Lowest since January (when the Market topped), so probably some profit taking soon. Most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term.
Indices like QQQ (Nasdaq 100) XLK (Tech Fund) and FDN (Internet Fund) need to make New Highs soon for the Markets to remain healthy.
Could be some FAKE news on TSLA today. Trading Halted… More later.
Please be patient and WAIT over-sold opportunities!
Crude Oil was up today at $69.10.
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 soon for:
MPC MARATHON PETE. Money Wave must Close in the Green Zone.
NOV NAT’L. OILWELL VARCO
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 still Way Above the Green Lines (all Investments eventually return to their Green Lines).
SELLS TODAY NONE TODAY
RAISE the Sell Stop Loss on WLL WHITING PETE. to the Pink Line on the Close ($48.43)
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.