Last month the FED said they would be Raising Interest Rates more this year, and the DOW Index dumped to 21700 on FEAR SELLING. Now the FED says they might not Raise Rates any more soon, so Tammy piles back into the DOW Index at 25100 or 15% higher
Markets were up big today on FED talk and better Earnings from AAPL & AMD. The DOW Index of 30 Companies has bounced nicely, but the S&P 500 is just now back up to the Green Line of 2688.
Investors are feeling much more confident lately, but remember that many stocks like Apple have not recovered very much at all.
Crude Oil was up $0.90 today at $54.20.
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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
DXCM DEXCOM, INC. Money Wave Buy today. DXCM will not be logged as the Volume is below average.
VHC VIRNEX X HOLDING CO. Money Wave Buy today. VHC will not be logged as it is already up 4.4% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon:
LLY ELI LILLY & CO. Money Wave must Close in the Green Zone.
RWM INVERSE SMALL CAP FUND Medium Term Buy when it Closes above the Red Line (50-day avg.)
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 AMD ADVANCED MICRO on the Close today, or have a tight Sell Stop below it to capture a 12% Gain (2nd Buy only).
EXIT SH S&P 500 INVERSE FUND if it is going to Close below Support of $29.35.
LOWER the Sell Stop Loss on UNG US NAT”L. GAS FUND to $25.19.
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.
It looks the market will go up, not going down. How do you think?
We don’t think or predict. We use probabilities.
Buying in the Green Zone on Bad News usually offers more reward than Buying in the Red Zone on Good News:
DOW Chart