Money Wave Alert! Jan 9, 2019

 

Markets  were higher again today as the FEAR has subsided and Buyers are hoping that the Market has bottomed. Now they are Buying Pot Stocks again like CGC (up 12% today) so you know Tammy feels more confident. We will see if the Indices will fail near the Red Lines (50-day avgs.) and go back down to re-test the Lows.

We have RAISED the Sell Stop Losses on many positions, as the DOW Index has already rallied 2300 points off the Lows.   PORTFOLIO

Longer term the Markets should return back up towards the Green Line after backing and filling.

The Inverse Funds  in the Watch List below, meet all of the Green Line Rules (1.Above the Green Line 2. Above 90 Relative Strength 3. In the Green Zone.)

The Inverse Funds should have a Money Wave Buy Signal soon. If you are not familiar with Inverse Funds, they are a way to HEDGE your LONG or Upside Positions, as Inverse Funds do the opposite of the Markets. 

Crude Oil  was up $2.60 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    NONE TODAY

 

Money Wave Buys Signals Soon:      

PSQ    INVERSE NASDAQ  100 FUND

RWM    INVERSE SMALL CAP FUND     

SH    INVERSE S&P 500 Fund   

TLT    US GOV’T. BOND 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 Way Above the Green Lines (all Investments eventually return to their Green Lines).

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SELLS TODAY     

 

EXIT    MRK    MERCK & CO.    on the Close today, or have a tight Sell Stop Loss below it.

    

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.