Markets were down again today as Tammy is Selling on Fear, after buying near the Highs in September on Great News. 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 and Buys on Bad News.
Markets are very over-sold, but Investors are waiting for a reason to buy. The Watch List is growing, which is usually Bullish.
Crude Oil was down $0.50 today at $45.50.
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:
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 NIHD NII HOLDINGS if it is going to Close below Support of $3.99. This trade was not logged.
LOWER the Sell Stop Loss on AMD ADVANCED MICRO to $16.17 on the Close.
LOWER the Sell Stop Loss on CGC CANOPY GROWTH to $25.00 on the Close.
LOWER the Sell Stop Loss on ROKU ROKU INC. to $26.00 until it bottoms.
LOWER the Sell Stop Loss on VKTX VIKING THERA. to $7.00 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.
HAVE A NICE WEEKEND!