Markets were down today as most Indices broke the Pink Lines (10-day avg.) to create a Short Term Sell Signal. The DOW & S&P 500 are down, but not as much with the Small Caps & NASDAQ 100.
Many Strong Energy Stocks should be ready for Pops later this week.
Bonds have rallied up BIG today on Europe weakness, and are back Above the Green Line.
Crude Oil was down again today at $66.80.
Please be patient, and WAIT for the Leading Investments to return to the Green Zones for more Money Wave Buy Signals.
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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 soon for:
CRC CALIFORNIA RESOURCES Money Wave must Close in the Green Zone.
ETFC E-TRADE FINANCIAL Money Wave must Close in the Green Zone.
LGCY LEGACY RESERVES
NTNX NUTANIX, INC.
RIG TRANSOCEAN, INC.
USO US OIL FUND
XOP OIL & GAS FUND 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
EXIT RHT RED HAT, INC. if it is going to Close Below the Pink Line around $163.11.
EXIT VALE VALE DO RIO SA if it is going to Close Below the Red Line around $13.80.
EXIT ANF ABERCROMBIE & FITCH if it is going to Close Below the Red Line around $28.30. 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.
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– CRC