
Markets were down today as Sellers finally took control. The Support on the S&P 500 is the Pink Line of 2693. The S&P 500 was 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 down $1.30 today at $52.70.
__________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY
RWM INVERSE SMALL CAP FUND Money Wave Buy today. Target is $45. Stop Out if it is going to Close below Support of $41.26.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
GLUU GLU MOBILE, INC.
IAU GOLD FUND Money Wave must Close in the Green Zone.
SBS COMPANHIA de SANEAMENTO
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).
______________________________________________________________________________________
SELLS TODAY
LOWER the Sell Stop Loss on I INTELSAT GLOBAL back down to the Green Line to avoid a loss.
LOWER the Sell Stop Loss on UNG US NATURAL GAS FUND to $22.70.
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.
Leave a Reply
You must be logged in to post a comment.