Markets were down today as the Markets need to retest the December Lows.
The Inverse Funds (see Watch List below) are coming out of the Green Zones for a Money Wave Buys.
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 $0.55 today at $47.05.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
SH INVERSE S&P 500 FUND Money Wave Buy today. Target is $34.00. Place Sell Stop Loss below $31.18 on the Close.
PSQ INVERSE NASDAQ 100 FUND Money Wave Buy today. PSQ will not be logged, as it is already up 3% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon:
RWM INVERSE SMALL CAP 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 still Way Above the Green Lines (all Investments eventually return to their Green Lines).
LOWER the Sell Stop Loss on LLY ELI LILLY to the Red Line of $111.33 on the Close.
LOWER the Sell Stop Loss on MRK MERCK & CO. to $73.50 on the Close.
LOWER the Sell Stop Loss on PFE PFIZER INC. to $41.00 on the Close.
EXIT TWLO TWILIO INC. if it is going to Close below your Buy Price, or $85.39. 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.