Markets were down again today as the S&P 500 has corrected back down into the Green Zone. Next Support is the Red Line (50-day avg.) of 2716.
The Leaders are returning back down to the Green Zones for Money Wave Buy Signals soon. The best trades usually happen when the S&P 500 Index is also coming up out of the Green Zone.
Please be patient and WAIT for Money Wave Buy Signals.
Crude Oil was down $0.55 today at $56.15.
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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
AU ANGLOGOLD LTD. Money Wave Buy today. Target is $16.00. EXIT if it is going to Close below Support of $12.88.
GFI GOLD FIELDS LTD. Money Wave Buy today. GFI will not be logged as it is already up 5% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
ACAD ARCADIA PHARM. Money Wave must Close in the Green Zone.
AVP AVON PRODUCTS
BA BOEING CO.
CGC CANOPY GROWTH Money Wave must Close in the Green Zone.
CIEN CIENA CORP.
CYH COMMUNITY HEALTH Money Wave must Close in the Green Zone.
ITUB ITAU UNIBANCO Medium Term Buy soon
MRK MERCK & CO. Money Wave must Close in the Green Zone.
PBR PETROBRAS ENERGY (2nd Buy Signal soon).
XLNX XILINX INC. 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 Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
LOWER PBR PETROBRAS ENERGY Sell Stop Loss to $14.70 on the Close. PBR is in the Green Zone with 96 Relative Strength.
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.
HAVE A NICE WEEKEND!
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