Markets were down again today as the S&P 500 Index Closed below the Pink Line (10-day avg.) of 2927, to create a Short Term Sell Signal. Selling was mild, and the Volume was average.
Please WAIT for the Leaders to return back down to their Green Zones for Money Wave Buy Signals.
Crude Oil was down $1.95 today at $61.65.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY
TA.TO TRANS ALTA CORP. (Toronto TSE) Money Wave Buy today. TA.TO will not be logged as it is on the Toronto Exchange.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
ASHR CHINA FUND Buy Signal never crossed up yesterday.
IONS IONIS PHARM. Buy if it is going to Close above $75.11.
MRVL MARVELL TECH Money Wave must Close in the Green Zone.
SID COMPANHIA SIDERURGICA (2nd Buy Signal). Medium Term Buy when it Closes above the Red Line of $3.74.
XLY CONSUMER FUND Money Wave must Close in the Green Zone.
NON US INVESTMENTS (These will not be logged.)
EVR.L EVRAZ (London LSE)
HBM.TO HUDBAY MINERALS (Toronto TSE)
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).
EXIT ZS ZSCALER, INC. if it is going to Close below the Pink Line around $65.90.
EXIT CGC CANOPY GROWTH if it is going to Close below the Pink Line around $48.81. 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.