Markets were up today on low Volume as Investors have no News or reason to Sell. Earnings are mostly coming out better than expected, and the FEAR has disappeared in just 6 weeks. The S&P 500 is 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 down $0.65 today at $54.60.
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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 NONE TODAY
Money Wave Buys Signals Soon:
RWM INVERSE SMALL CAP FUND
VHC VIRNEX X HOLDING CO. Buy when it Closes above the Pink Line (10-day avg.) of $5.13 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).
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SELLS TODAY
EXIT TLT US GOV’T. BOND FUND if it is going to Close below the Pink Line around $120.56).
LOWER the Sell Stop Loss on UNG US NATURAL GAS FUND to $23.00 until it bottoms. 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.