Markets were mixed today as the Indices are back up near the Red Lines (50-day avgs.) and they could go back down to re-test the Lows if they Fail here. That would be normal after a Steep decline like we saw in December.
The FEAR has subsided and many Buyers are hoping that the Market has bottomed.
We have RAISED the Sell Stop Losses on many positions, as the DOW Index has already rallied 2350 points off the Lows. PORTFOLIO
Longer term the Markets should return back up towards the Green Line after backing and filling.
Crude Oil was up $0.25 today at $52.65.
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 Signals Soon:
PSQ INVERSE NASDAQ 100 FUND
RWM INVERSE SMALL CAP FUND
SH INVERSE S&P 500 Fund
TLT US GOV’T. BOND FUND
VXX VIX VOLATILITY FUND
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).
EXIT CGC CANOPY GROWTH on the Close today or have a tight Sell Stop Loss below it, as CGC is 45% above the recent Lows.
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.