Markets are back down today re-testing Tuesday’s Lows. Holding a second time down here at the recent Lows could be very Bullish.
So far today, all of the major Indices are holding above Tuesday’s Low, with less Selling Volume. There is a good chance of a “W” pattern forming for the leaders, which could cause a rally back up to re-test the Highs.
If the “W” pattern holds on Friday, it could be a good opportunity to Buy more of the current Open Positions.
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 $60.70.
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Money Wave Buys soon!
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 soon for:
OIL CRUDE OIL FUND
ON ON SEMICONDUCTOR
RSX RUSSIA FUND
STX STORAGE TECH
WTI W&T OFFSHORE INC.
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).
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SELLS TODAY
LOWER FXI CHINA FUND Sell Stop Loss to $44.57. as we got sucked in last night too early, and it is still in the Green Zone for a Buy Signal soon.
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.
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