Markets were up again today as the Indices are now moving up towards their Green Line (250 day avgs.) Most Indices closed above the Resistance of the Red Lines (50-day avgs.) However, most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term), so nimble traders should probably be raising Cash.
Markets have not pulled back enough this month to create many Short Term Buy, so please be patient and WAIT.
The DOW INDEX is already back up to the Green Line today, while the other Indices are lagging behind.
We have RAISED the Sell Stop Losses on many positions, as the DOW Index has already rallied 2750 points off the Lows. PORTFOLIO
Crude Oil was unchanged today at $52.40.
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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
TLT US GOV’T. BOND FUND Money Wave Buy today. Target is $124. Place Sell Stop Loss below Support of $119.51.
Money Wave Buys Signals Soon:
DG DOLLAR GENERAL
PSQ INVERSE NASDAQ 100 FUND Medium Term Buy when it Closes above the Red Line (50-day avg.)
RWM INVERSE SMALL CAP FUND Medium Term Buy when it Closes above the Red Line (50-day avg.)
SH INVERSE S&P 500 Fund
VXX VIX VOLATILITY FUND 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
EXIT KDP KEURING DR. PEPPER if it is going to Close below the Pink Line around $26.25.
EXIT I INTELSAT GLOBAL (2nd Buy only) if it is going to Close below your Buy Price, or $23.11. This trade was not logged.
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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