Markets were mixed today as the 6 week rally appears to be losing momentum on low Volume. The S&P 500 is currently very Over-bought on the Short Term after a 16% bounce up from the Lows.
Markets have not pulled back enough to create any new Buy Signals. Please be patient and WAIT for Money Wave Buy Signals.
Crude Oil was up $0.30 today at $54.00.
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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
NVTA INVITAE CORP. Money Wave Buy today. NVTA will not be logged as it is already up 3% today and the Volume is Low.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
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
LOWER the Sell Stop Loss on CROX CROCS, Inc. to today’s Low of $26.51.
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.