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February 7, 2019

Money Wave Alert! Feb 7, 2019

SPX Chart
The S&P 500 has Support at the Pink Line around 2693.

 

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.

Related Post

– Money Wave Alert! Feb 6, 2019

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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