Markets were slightly lower on average Volume as the Markets rest from the bounce off the Lows. The S&P 500 was above to Close above the Pink Line Resistance (10-day avg.) at 2477.
We are reluctant to buy more at this level as the Markets could go back down once more. The Inverse Funds (see Watch List below) are back down in the Green Zones for a Money Wave Buy soon.
Longer term the Markets are extremely Over-Sold and should return back up towards the Green Line after backing and filling.
Crude Oil was up $1.10 today at $46.55.
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
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).
EXIT CROX CROCS, INC. on the Close today, or have a tight Sell Stop Loss below it to capture a 5% Gain.
EXIT ETSY ETSY INC. if it is going to Close below your Buy Price, or $47.21.
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.