Markets were down again today as the S&P 500 broke below the Support of 2764. Next Support is the Red Line (50-day avg.) of 2715.
The Leaders are slowly returning back down to the Green Zones for Money Wave Buy Signals soon. The best trades usually happen when the S&P 500 Index is also coming up out of the Green Zone.
Please be patient and WAIT for Money Wave Buy Signals.
Crude Oil was down $0.40 today at $56.60.
__________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY
CROX CROCS CORP. (2nd Buy Signal) Money Wave Buy today. Target is $29.00. EXIT if it is going to Close below Support of $24.23.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
AU ANGLOGOLD LTD.
AVP AVON PRODUCTS
BA BOEING CO. Money Wave must Close in the Green Zone.
CIEN CIENA CORP.
CROX CROCS CORP. (2nd Buy Signal soon)
GFI GOLF FIELDS LTD.
ITUB ITAU UNIBANCO Medium Term Buy soon
PBR PETROBRAS ENERGY (2nd Buy Signal 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).
______________________________________________________________________________________
SELLS TODAY
LOWER AMD ADVANCED MICRO Sell Stop Loss to $21.73 on the Close. AMD is in the Green Zone with 92 Relative Strength.
LOWER EWZ BRAZIL FUND Sell Stop Loss to $40.74 on the Close. EWZ is in the Green Zone with 98 Relative Strength.
EXIT EIDO INDONESIA FUND if it is going to Close below Support of $25.72. This trade was not logged.
EXIT CGC CANOPY GROWTH if it is going to Close below the Pink Line around $46.10. 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.