Markets were mixed again today as the Indices are back up near the Red Lines (50-day avgs.) and they could go back down to re-test the Lows if they Fail here. That would be normal after a Steep decline like we saw in December.
We have RAISED the Sell Stop Losses on many positions, as the DOW Index has already rallied 2350 points off the Lows. PORTFOLIO
Longer term the Markets should return back up towards the Green Line after backing and filling.
Crude Oil was down $0.85 today at $51.75.
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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
Several Investments on the Long Term Watch List popped up this week, and we will discuss them on the Green Line Weekly Report on Sunday.
Money Wave Buys Signals Soon:
PSQ INVERSE NASDAQ 100 FUND
RWM INVERSE SMALL CAP FUND
SH INVERSE S&P 500 Fund
TLT US GOV’T. BOND FUND
VXX VIX VOLATILITY FUND
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
EXIT SBUX STARBUCKS CORP. if it is going to Close below the Red Line of $63.29.
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!