US MARKETS Close at 1 pm EST for Christmas Eve.
Markets were down again today on more Selling with Low Volume. The Indices are stretching Way Below the Green Lines like a rubber band, and should snap back up towards the Green Line once Tammy Sells out on Fear.
The FEAR Index is very high, normally indicating a Market bounce soon.
Remember, Smart Money Sells on Good News like in September and Buys on Bad News.
Crude Oil was down $1.20 today at $44.30.
____________________________________________________________________________________________________
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:
CIEN CIENA CORP.
ETSY ETSY, INC.
LLY ELI LILLY Wait for Close Above the Pink Line.
MCD MCDONALDS CORP.
MRK MERCK & CO,
PG PROCTOR & GAMBLE
SBUX STARBUCKS CORP.
TWLO TWILIO INC.
VZ VERIZON COMM
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 HCP HCP, INC. to the Green Line of $25.91 on the Close.
LOWER the Sell Stop Loss on USO US OIL FUND to $9.00 until it bottoms.
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 CHRISTMAS DAY!