Markets were up slightly again today as the S&P 500 tries to Close above the Pink Line Resistance (10-day avg.) at 2488. The Markets have had a decent bounce off the Lows this week, as they were extremely Over-Sold and should return back up towards the Green Line after backing and filling.
The FEAR Index is very high, normally indicating that the Markets are Over-Sold.
Crude Oil was up $0.70 today at $45.75.
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:
PSQ INVERSE NASDAQ 100 FUND
SH INVERSE S&P 500 FUND
TLT US GOV’T. BOND 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 RWM INVERSE SMALL CAP FUND if it is going to Close below the Pink Line around $47.10. 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.
HAVE A NICE WEEKEND!