Money Wave Alert! Nov 27, 2018

 

Markets  were up  slightly today after some Selling this morning.  The Pink Line (10-day avg.) could be resistance for the Indexes for a while.  Many are waiting to see if the Indices are going to Hold and Bounce at the Support of  the October Lows. 

If the S&P 500 can make a Higher Low  or Double Bottom soon, we could see a “W” pattern for a much larger rally up. 

Try to own only the Strongest Leaders that can hold above their Green Lines here, and then could see nice moves up. 

 

Crude Oil  was up  $0.15 today at  $51.75. 

____________________________________________________________________________________

The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.

 

BUYS TODAY   

 

XLP    CONSUMER STAPLES FUND      Money Wave Buy today.  Target is $58.00. Place Sell Stop Loss below $54.42 on the Close. 

 

Money Wave Buys Signals Soon:   

AMD    ADVANCED MICRO        
SBUX    STARBUCKS CORP.
XLU    UTILITIES FUND     Money Wave must Close in the Green Zone.
XLV    HEALTH CARE FUND    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 still Way Above the Green Lines (all Investments eventually return to their Green Lines).

______________________________________________________________________________________

 

SELLS TODAY     

 

EXIT    I     INTELSAT GLOBAL    (2nd Buy only) on the Close today, or have a tight Sell Stop Loss below it to capture a 9% Gain.   

 

Change    VKTX    VIKING THERA.    to Long Term (Sell Stop Loss Below the Green Line of $9.33) until it bottoms.   

 

 

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.