Markets were mixed today with little movement. Looks like there was still some Buyers coming in slowly, Volume was low as many cannot decide on the Market direction at this time.
Markets have not pulled back enough this month to create many Short Term Buys, so please be patient and WAIT.
Crude Oil was up $0.65 today at $53.25.
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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 NONE TODAY
Money Wave Buys Signals Soon:
CROX CROCS, INC.
IBN ICICI BANK LTD.
PSQ INVERSE NASDAQ 100 FUND Medium Term Buy when it Closes above the Red Line (50-day avg.)
RWM INVERSE SMALL CAP FUND Medium Term Buy when it Closes above the Red Line (50-day avg.)
SAVE SPIRIT AIRLINES
UNG SU NATURAL GAS FUND (2nd Buy 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 Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
EXIT KDP KEURIG DR. PEPPER if it is going to Close below the Pink Line around $26.48.
EXIT VXX VIX VOLATILITY FUND if it is going to Close below the Red Line of $39.80. 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.
Hello,
What do you think about DBP as a potential buy?
Good Question! DBP and GLD both have High Relative Strength for the Short Term, but Investments normally move faster if there is NO RESISTANCE for the last 52 weeks.
Also the Volume is very light on DBP, probably telling us that it is too early. We would rather own Investments where nobody has a loss for the last year.
DBP Chart