S&P 500 Hourly Chart
Markets are down today, as the S&P 500 fell below the Pink Line (10-day avg) to create selling. The target now is the Red Line (50-day avg.) around 2408, where Buyers should come back in.
The Techs could not make it back up to the mid June Highs, so now it is re-testing the June Lows.
The DOW Index is holding up very well…
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
EWP SPAIN FUND Money Wave Buy today. We will not log, as EWP is Way Above the Green Line.
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 PYPL PAYPAL HOLDINGS if it is going to Close Below the Pink Line around $52.97 at this time.
EXIT EWW MEXICO FUND if it is going to Close Below your Buy Price, or $53.56.
EXIT TTWO TAKE-TWO INTER. if it is going to Close Below Support of $72.15.
Click for PORTFOLIO (Open Positions)
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.