Markets were down today as the Indices were extremely over-bought from a 3000 point DOW bounce earlier this month. Most of the strongest Leaders were back up in the Red Zones (probably too late to Buy for the Short Term).
Inverse Funds on the Watch List below, might be bottoming here for a bounce.
Markets had not pulled back enough this month to create many Short Term Buys, so please be patient and WAIT.
Crude Oil was down $1.15 today at $52.90.
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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
SH INVERSE S&P 500 Fund Money Wave Buy today. Target is $33.00. Place Sell Stop below Support of $29.35 on the Close.
VXX VIX VOLATILITY FUND Medium Term Buy today. VXX will not be logged, as it is already up 9% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon:
I INTELSAT GLOBAL
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.)
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 KEURIG DR. PEPPER if it is going to Close below the Pink Line around $26.42.
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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