Markets are up again today as most Money Wave Buy Signals are kicking in. However, the recent decline is very steep and the Markets could go back down again to re-test the recent Lows. Holding a second time near the recent Lows would be very Bullish.
Don’t pile in full unless you are prepared for another dip down. The DOW is up 1500 points from yesterday’s low.
The S&P 500 is has bounced, but it is still Below the Red Line (50-day avg.) and might go down again.
Try to Buy Investments that recently made new Highs, and Held ABOVE the Red Lines. Usually these will bounce the quickest.
Crude Oil is down today at $61.90.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BOTZ ROBOTICS FUND Money Wave Buy today for the Medium Term Portfolio. Place Sell Stop Loss below $23.56 on the Close.
FXI CHINA FUND Money Wave Buy today. Place Sell Stop Loss Below Support of $48.08 on the Close.
OSTK OVERSTOCK.COM Money Wave Buy today for the Medium Term Portfolio. Place Sell Stop Loss below $48.55 on the Close.
ROST ROSS STORES Money Wave Buy today for the Medium Term Portfolio. Place Sell Stop Loss below $74.00 on the Close.
XBI BIOTECH FUND Money Wave Buy today. Place Sell Stop Loss Below Support of $86.32 on the Close.
Money Wave Buys soon for:
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).
SELLS TODAY NONE TODAY
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.