Markets are mostly down today as the Indices are going back down to re-test the October Lows. APPLE and many of the Strongest Tech stocks are down near their Green Lines, so we will wait to see if they bounce soon.
Some Drug and Consumer Staples Stocks are near Highs and won’t come down much. Please be patient and wait for Green Zone Buy Signals.
The US DOLLAR is very strong, which has been hurting the Tech Stocks. The Dollar is very over-bought, and should correct soon.
Crude Oil is dumping down 4.6% today at $55.35 on a “Selling Climax” with huge Volume. The OIL Volatility Index has spike up to 53, which means that FEAR has taken over, and Tammy is probably Selling near the bottom.
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:
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 still Way Above the Green Lines (all Investments eventually return to their Green Lines).
LOWER the Sell Stop Loss on USO US OIL FUND to $11.50 until it bottoms. Looks like a Selling Climax on Huge Volume today as Human Emotions (FEAR) have taken control. Money Wave is in the Green Zone, and the Red Line (50-day avg.) is up at $14.14.
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.