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December 7, 2018

Money Wave Alert! Dec 6, 2018

SPX 60-min
“W” pattern up on the S&P 500 did not hold.

So much for the “W” pattern back up!

Markets  dumped down again today on Economic Slow Down Fears. The Markets are warning the FED not to Raise Rates this month, and telling Trump to get a China Trade Deal soon.

The S&P 500 needs to hold Support around 2600 and bounce. The Techs are holding up better this time down, along with FAANG stocks AMZN & GOOGL.

The two Inverse Funds in the   PORTFOLIO  (EUM  &  RWM)  could get whacked if the Markets bounce here at Support. So “Don’t Take a Loss” on them.

Please be patient  and WAIT for Green Zone Money Wave Buy Signals below.

Crude Oil  was down $1.30 today at  $51.60. 

____________________________________________________________________________________

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:   

ENDP    ENDO PHARMA    Place Buy Stop Order above $13.02.         

I    INTELSAT GLOBAL    2nd Buy Signal soon.

NIHD    NII HOLDINGS    Medium Term Buy soon.

VSLR    VIVINT SOLAR   

VZ    VERIZON COMM.

  
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  SELL STOP LOSS on    CGC    CANOPY GROWTH    to today’s Low of  $28.10 on the Close until it bottoms.  

EXIT    TNDM    TANDEM DIABETES      if it is going to Close below the Pink Line around  $34.89.   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.

Posted By AbovetheGreenLine at 2:32 pm Leave a Comment

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

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