Money Wave Alert! Feb 2, 2018

 

Markets dumped down today after the Long Term Bond made 8 month Lows.  Lower Bond prices causes Interest Rates to rise. Most of the Indices are slowly returning to their Red Lines for a probable bounce. The S&P 500 is back down in the Green Zone, and we like to Buy on Bad News (Sell recently on Great Earnings news).  

The Watch List  now has over 25 Leaders in the Green Zones to Buy next week.  They are not all listed below, as there are too many. The strongest ones should bounce near their Red Lines (50-day avgs.)

Try to Buy Investments that recently made new Highs, and Hold ABOVE the Red Lines. Usually these will bounce the quickest.

Crude Oil  is down today at $65.45.

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Money Wave Buys soon!  
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 soon for:

CAA    CAL ATLANTIC GROUP
CANN    GENERAL CANNABIS 
FXI    CHINA FUND
ITB    HOME BUILDING FUND
MRO    MARATHON OIL
OSTK    OVERSTOCK.COM
RIOT    RIOT BLOCKCHAIN
ROST    ROSS STORES
TRXC    TRANSENTERIX, INC.
X    U S STEEL GROUP

ALSO: BOTZ CAT WMT XLY FCAU TCEHY XBI VIPS MCHI LOW DG 

 

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).

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SELLS TODAY 

Change   RSX    RUSSIA FUND to a Medium Term Investment (Sell Stop Loss Below the Red Line of $22.33.  

EXIT    TRXC    TRANSENTERIX INC.   in the Long Term Portfolio, if it is going to Close Below the Green Line of $1.68, Hopefully it will firm up soon and get back Above the Green Line for another entry.

 

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!