Markets were mixed today on low Volume as only the Strongest Leaders seem to have much Buying. The S&P 500 is trying to hold above the Pink Line of 2705. The Money Wave Buy list is growing as the Leaders are now correcting down.
Please be patient and WAIT for Money Wave Buy Signals.
Crude Oil was down $0.40 today at $52.35.
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: (Best to Buy when the S&P 500 is also in the Green Zone.)
AMD ADVANCED MICRO Money Wave must Close in the Green Zone.
CGC CANOPY GROWTH
EWZ BRAZIL FUND
GLUU GLU MOBILE, INC. Money Wave must Close in the Green Zone.
I INTELSAT GLOBAL (2nd Buy soon)
ITUB ITAU UNIBANCO BANCO SA
PBR PETROBRAS ENERGY
VHC VIRNEX X HOLDING CO. Buy when it Closes above the Pink Line (10-day avg.) of $4.90 on HIGH VOLUME.
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).
EXIT IAU GOLD FUND if it is going to Close below recent Support of $12.51. This trade was not logged.
EXIT SBS COMPANHIA de SANEAMENTO if it is going to Close below recent Support of $10.34. This trade was not logged. (We will try to Buy again soon).
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.