Markets were down slightly today and the S&P 500 needs to bounce up from the Pink Line (10-day avg.) of 2782 to avoid a Short Term Sell Signal. Maybe another bounce coming tomorrow.
Markets are over-bought again, as many Leaders were back up in the Red Zones (probably too late to Buy for the Short Term).
Please be patient and WAIT for Money Wave Buy Signals.
Crude Oil was up $0.30 today at $57.30.
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The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY
AVGO BROADCOM, INC. Money Wave Buy today. AVGO will not be logged as the Volume is below average.
MTCH MATCH GROUP Money Wave Buy today. AVGO will not be logged as the Volume is below average.
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.
AU ANGLOGOLD LTD. Money Wave must Close in the Green Zone.
GDX GOLD MINING FUND Money Wave must Close in the Green Zone.
IAU GOLD 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 Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
CHANGE PBR PETROBRAS ENERGY to Medium Term ( Sell if it is going to Close below the Red Line of $15.53).
LOWER CROX CROCS, INC. Sell Stop Loss to today’s Low of $24.77. Try to Sell around $28.50.
EXIT EIDO INDONESIA FUND if it is going to Close below Support of $25.72. This trade was not logged.
EXIT EXAS EXACT SCIENCES if it is going to Close below your Buy Price, or $92.04. 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.
What happened to PBR?
PBR was Changed to Medium Term to avoid a loss.
Please set the Portfolio (Positions Page) to “ALL” instead of “Short Term” and you will see PBR in “Medium Term”.
CHANGE PBR PETROBRAS ENERGY to Medium Term ( Sell if it is going to Close below the Red Line of $15.53).
Good trading, and tell your friends!
PORTFOLIO