Markets are up today as the Indices rally up to their Red Lines (50-day avgs.) If they could get through here they could go back up to the Highs soon.
However, the Markets might go down once more in the next few days, and re-test last week’s Lows. This could be a “W” Pattern (see chart above).
Try to Buy Investments that recently made new Highs. Usually these will bounce the quickest.
Crude Oil is up today at $60.80.
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Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY OIL CRUDE OIL FUND Medium Term Buy today. Place Sell Stop Loss below Support of $6.27 on the Close.
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).
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SELLS TODAY
EXIT X US STEEL on the Close today, or have a tight Sell Stop Below it to capture a 9% Gain.
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.
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– OIL
