Markets went down to the Pink Lines today (10 day averages) and bounced up to avoid a short term Sell Signals. The NASDAQ is nearing a Money Wave Close in the Green Zone so it should bounce up soon.
Most of the Leaders and Indices were back up in the Red Zones (probably too late to Buy for the Short Term). Long Term Interest Rates are struggling to go back up to re-test the Highs, and could Fail soon. The Volume was still below average again today on Stocks which indicates indecision.
The Markets and most Investments are still fairly weak (Below the Green Lines), so please be patient wait for more Money Wave Buy Signals. BUYS SOON – CHARTS The best moves are when the S&P 500 Index is also coming up out of the Green Zone (Now coming down from the Red Zone).
BUYS TODAY NONE TODAY
BUYS TOMORROW – SWING TRADING STOCKS
Shop for a better price earlier in the day with Triple Buy Signal, on the same day that a Daily Money Wave Buy Signal will occur.
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Follow on the WATCH LIST.
The Leaders are Way Above the Green Lines (all Investments eventually return to their Green Lines).
Bonds were up today, but are Way Below the Green Line.
Crude Oil was up $0.19 at $118.55.
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Many like to Buy the Swing Trades just before the Close, if the Money Wave is going to create a Buy Signal (Closing > 20 and up out of the Green Zone).
Don’t Buy if the Investment has already popped up too much. Money Wave Buy Signals 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, or Low Volume. These have more risk.