Markets were down today as several Indices slipped below the Pink Lines (10-day avgs.) to create Short Term Sell Signals. Support on the S&P 500 is 2764.
The Leaders are quickly coming down from the Red Zones for Money Wave Buy Signals soon.
Please be patient and WAIT for Money Wave Buy Signals.
Crude Oil was up $0.70 today at $56.50.
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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: (Best to Buy when the S&P 500 is also in the Green Zone.)
AMD ADVANCED MICRO
AU ANGLOGOLD LTD.
CROX CROCS CORP. (2nd Buy Signal soon)
EWZ BRAZIL FUND
GDX GOLD MINING FUND
GFI GOLF FIELDS LTD.
I INTELSAT GLOBAL
ITUB ITAU UNIBANCO Medium Term Buy soon
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
LOWER CROX CROCS CORP. Sell Stop Loss to $23.64, as it is back in the Green Zone with 91 Relative Strength.
EXIT MTCH MATCH GROUP if it is going to Close below Support of $54.55. This trade was not logged.
EXIT TWLO TWILLIO INC. if it is going to Close below the Pink Line around $117.36. This trade was not logged.
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.