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.
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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).
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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.
So if you were going to hold or buy based on your method which is better bet today MRK or Amazon/Apple?
The Strongest ones like MRK usually bounce first and are more predictable…
AAPL and AMZN are weaker, and are harder to pick the bottom. More risk, but maybe more return.