Markets were down again today as the Indices are re-testing last week’s LOW (2583 on the S&P 500).
The Markets are warning the FED about raising Rates next Wednesday, and for a Trade Deal with China. Markets are very over-sold, but Investors need a reason to buy.
The S&P 500 needs to Close above 2709 to pull in more Buyers.
Crude Oil was down $1.40 today at $51.20.
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 Signals Soon:
HCP HCP, INC.
IYR REAL ESTATE FUND
NIHD NII HOLDINGS Medium Term Buy when Closes Above the Pink Line.
PBR PETROBRAS ENERGY Medium Term Buy when Closes Above the Pink Line.
UNG US NATURAL GAS FUND
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).
EXIT WBA WALGREENS BOOT if it is going to Close below your Buy Price, or $81.16.
LOWER the Sell Stop Loss on VKTX VIKING THERA. to $8.50 until it bottoms.
EXIT ETSY ETSY INC. if it is going to Close below the Pink Line around $55.30. This trade was not logged.
EXIT FNSR FINISAR CORP. if it is going to Close below Support of $21.81. This trade was not logged.
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.