Markets were mixed today on lower Volume, as the S&P 500 struggled to stay above the Pink Line (10-day avgs.) around 2724. The S&P closing below 2724 could create a Short Term Sell Signal.
The Small Caps look like they need to re-test the recent All-Time High soon.
Bonds have rallied up off of Support but are still Below the Green Line.
Please be patient, and WAIT for the Leading Investments to return to the Green Zones for more Money Wave Buy Signals.
Crude Oil was down again today at $70.75.
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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
VALE VALE DO RIO SA Money Wave Buy today. Place Sell Stop Loss below the recent Support of $14.07 on the Close.
Money Wave Buys soon for:
LGCY LEGACY RESERVES
NTNX NUTANIX, INC. Money Wave must Close in the Green Zone.
RIG TRANSOCEAN, INC. Money Wave must Close in the Green Zone.
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 NONE TODAY
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.
