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December 20, 2018

Money Wave Alert! Dec 20, 2018

SPX Timing Chart
Longer Term Timing Chart says a Rally should be coming soon.

 

Markets  were down again today on panic selling from Bad News about the  FED Raising Rates. Investors are full of FEAR which will eventually create a good time to Buy. The FEAR Index is high, normally indicating a Market bounce soon.

Remember, Smart Money Sells on Good News like in September.

Markets are very over-sold, but  Investors are waiting for a reason to buy. The Watch List is growing, which is usually Bullish.

The S&P 500 needs to Close above 2653 to pull in more Buyers.

Crude Oil  was down $2.00 today at  $46.15. 

____________________________________________________________________________________________________

The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.

 

BUYS TODAY    

 

UNG    US NATURAL GAS FUND    Medium Term Buy today.  Target is $36.00.  Place Sell Stop Loss below Support of  $28.44.

 

Money Wave Buys Signals Soon:   

ETSY     ETSY, INC.
LLY    ELI LILLY & CO.   
MRK    MERCK & CO,  
PBR    PETROBRAS ENERGY     Medium Term Buy when Closes Above the Pink Line.   
TWLO    TWILIO INC.    
VZ    VERIZON COMM    
XLRE    REAL ESTATE FUND     
XLU   UTILITIES 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).

______________________________________________________________________________________

SELLS TODAY   

 

LOWER the Sell Stop Loss on     CROX    CROCS, INC.     to $23.65 on the Close.

LOWER the Sell Stop Loss on     ROKU    ROKU INC.    to $29.00  until it bottoms.

LOWER the Sell Stop Loss on     VKTX    VIKING THERA.     to $7.50 as it is back down in the Green Zone.

 

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.

Related Post

– Money Wave Alert! Dec 19, 2018

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Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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