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.
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).
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.
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