Markets were mixed again today, on more slow trading. The S&P 500 is near the Pink Line of 2800. Closing below the Pink Line could create a Short Term Sell Signal.
Most recent Money Wave Buys are NOT POPPING well, indicating a Tired Market.
Most of the Leaders are back up near the Red Zones (probably too late to Buy for the Short Term).
Please be patient and WAIT for the Leaders to return back down to their Green Zones, for more Money Wave Buy Signals.
Crude Oil was down today at $68.30.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
DNR DENBURY RESOURCES Money Wave Buy today. DNR will not be logged as it is already up 3% today and the Volume is below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
I INTELSAT GLOBAL Money Wave must Close in the Green Zone.
XOP OIL & GAS FUND Money Wave must Close in the Green Zone.
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).
EXIT UAA UNDER ARMOUR if it is going to Close Below the Red Line around $21.43.
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.