Markets were mostly up today, but the Money is rolling out of Retail and Small Caps and into Large Blue Chips like the 30 DOW Stocks. The DOW Index made a New High today, which is masking the internal weakness of the Markets.
The major Indices are going up to re-test the recent Highs. Please wait for Money Wave Buy Signals below.
Crude Oil was down today at $75.15.
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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
KKR KKR & CO. LP Money Wave Buy today. KKR will not be logged, as the Volume is Way below average.
TRXC TRANSENTERIX, INC. Money Wave Buy today. TRXC will not be logged, as it is already up 6% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon:
CGC CANOPY GROWTH CORP.
CRON CRONOS GROUP
FDC FIRST DATA CORP.
LOW LOWES CO.
TNDM TANDEM DIABETES
VKTX VIKING THERA.
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 TGT TARGET CORP. if it is going to Close below your Buy Price, or $87.68 on the Close.
EXIT FNKO FUNKO, INC. if it is going to Close below the Pink Line around $21.35 on the Close. 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.
what you mean by “will not be logged” ?
Q: When you say “you will Not Log the trade” what does that mean?
A: If the Reward / Risk is not 2:1 or better we will not log the trade (or count it in our Performance Record). Some members want to see every mechanical Money Wave Buy Signal, but the Money Wave pops are usually only good for 3-5 % in the Short Term. If a stock is already up >3%, we will normally Not Log the trade.
If you Buy an Investment at $12, for a re-test of Highs at $14, the Reward potential could be $2, or 16.7%. If you have a Stop at $11.5, you are risking $0.50.
So Reward / Risk is $2 / $0.50 = 4:1 odds… EXCELLENT!
you cover only long signal, what about short signals ?
Most Investors do not know how to Sell Short. As long as the major Indices are BULL (Above the Green Line). we will continue to concentrate on the Long side.
When the Markets go BEAR, we will probably be in Inverse Funds (like in 2008), if they meet the Green Line Rules.
If you want to Short now, as some investments are in BEAR, then simply REVERSE the Green Line Rules (Below the Green Line, Below 10 Relative Strength, and Money Wave Closing Below 80.
The Strongest Inverse Fund is EUM Inverse Emerging Markets, which is Above the Green Line but Relative Strength is only 67.
Also TBT Inverse Bonds with today’s Bond Dump with R S of 71.
Possibly some great moves coming in SH Inverse Fund next year…
SH Chart
Hello,
I looked through the forum/chats.
1) I was wondering how you differentiate between short-term, medium-term, and long-term investments?
2) Also, I have seen you use the term “TAMMY” in past and most recent posts and assumed you are referring to retail investors. Is this correct? Where did the name come from?
Thank You! Sorry for the 2part question
1. From FAQ Page: Q: Please define the Time Frames of the 3 Trading Zones.
A: Short Term: 1-3 weeks Medium Term: 3 weeks to 6 months Long Term: 6 months – 3 years.
2. Tammy