Markets were up slightly today, but the DOW Index was up more with better earnings from IBM & Proctor & Gamble. Volume is lower as many cannot decide on the Market direction at this time. Most of the strongest Leaders were back up in the Red Zones (probably too late to Buy for the Short Term).
Markets have not pulled back enough this month to create many Short Term Buys, so please be patient and WAIT.
Crude Oil was down $0.30 today at $52.70.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
I INTELSAT GLOBAL Money Wave Buy today. Target is $30.00. Place Sell Stop below Support of $20.06 on the Close.
Money Wave Buys Signals Soon:
CROX CROCS, INC.
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).
EXIT KDP KEURIG DR. PEPPER if it is going to Close below the Pink Line around $26.49.
EXIT VXX VIX VOLATILITY FUND if it is going to Close below the Red Line of $39.85. 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.