Markets were mixed again today after having a rally in the morning on Good News. The Tech stocks were lower, and there was weakness from AMZN Earnings. The S&P 500 currently very Over-bought on the Short Term after a 15% bounce up from the Lows.
Please be patient and WAIT for Money Wave Buy Signals. Most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term).
Crude Oil was up $1.30 today at $55.35.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
There were several Long Term Buys that should trigger on today’s Close. But since the Markets have bounced 15% straight up from the Lows, we will wait on these (more info to come on the Green Line Weekly).
Money Wave Buys Signals Soon:
RWM INVERSE SMALL CAP FUND Medium Term Buy when it Closes above the Red Line (50-day avg.)
VHC VIRNEX X HOLDING CO. Buy when it Closes above the Pink Line (10-day avg.)
VXXB VIX VOLATILITY INDEX Medium Term Buy when it Closes above the Red Line (50-day avg.)
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 Way Above the Green Lines (all Investments eventually return to their Green Lines).
CHANGE CROX CROCS, INC. to Medium Term (Sell if it Closes below the Red Line of $27.23). The Relative Strength is still 97, and CROX recently made a High.
LOWER the Sell Stop Loss on UNG US NATURAL GAS FUND to the recent Lows of $23.93 on the Lows. UNG 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!