Markets were down again today on mild Selling. The S&P 500 is trying to hold above the Pink Line of 2697. The Tech Stocks are up slightly, and the Money Wave Buy list is growing as the Leaders are now correcting down.
Markets have not pulled back enough to create many new Buy Signals. Please be patient and WAIT for Money Wave Buy Signals.
Crude Oil was up $0.10 today at $52.80.
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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
IAU GOLD FUND Money Wave Buy today. IAU will not be logged as the Volume today is below average.
SBS COMPANHIA de SANEAMENTO Money Wave Buy today. SBS will not be logged as it is already up 5.50% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
AMD ADVANCED MICRO Money Wave must Close in the Green Zone.
EWZ BRAZIL FUND
GLUU GLU MOBILE, INC. Money Wave must Close in the Green Zone.
ITUB ITAU UNIBANCO BANCO SA
VHC VIRNEX X HOLDING CO. Buy when it Closes above the Pink Line (10-day avg.) of $4.94 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 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.
HAVE A NICE WEEKEND!
