Markets were mixed today as many Investors don’t have a reason to Sell after yesterday’s drop. 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 $0.15 today at $56.65.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
AMD ADVANCED MICRO Money Wave Buy today. Target is $27.00. Sell if it is going to Close below recent Support of $22.27.
EWZ BRAZIL FUND Money Wave Buy today. Target is $46.50. Sell if it is going to Close below recent Support of $41.85.
GDX GOLD MINING FUND Money Wave Buy today. Target is $25.00. Sell if it is going to Close below recent Support of $21.40.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
AU ANGLOGOLD LTD.
CROX CROCS CORP. (2nd Buy Signal soon)
GFI GOLF FIELDS LTD.
ITUB ITAU UNIBANCO Medium Term Buy soon
PBR PETROBRAS ENERGY (2nd Buy Signal soon).
WDAY WORKDAY INC.
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).
LOWER I INTELSAT GLOBAL Sell Stop Loss to $16.0o for a while as it got whacked on Bad News today. Try to EXIT on a rally up to around $22.00.
EXIT NVTA INVITAE CORP. if it is going to Close below the Pink Line around $19.64. 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.