Markets were higher again today on lower Volume . The S&P 500 successfully bounced up off the Pink Line and was able to close higher than last week’s high of 2739.
Markets are quickly over-bought again, as many Leaders are back up in the Red Zones (probably too late to Buy for the Short Term).
Please be patient and WAIT for Money Wave Buy Signals.
Crude Oil was up $0.80 today at $55.00.
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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
I INTELSAT GLOBAL (2nd Buy) Money Wave Buy today. Target is $27.00. Sell if it is going to Close below $22.09.
CGC CANOPY GROWTH Money Wave Buy today. CGC 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: (Best to Buy when the S&P 500 is also in the Green Zone.)
AMD ADVANCED MICRO Money Wave must Close in the Green Zone.
EIDO INDONESIA FUND
SBS COMPANHIA DE SANEAMENTO Money Wave must Close in the Green Zone.
VHC VIRNEX X HOLDING CO. Buy when it Closes above the Pink Line (10-day avg.) of $4.87 on HIGH VOLUME.
VXXB VIX VOLATILITY INDEX 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 IAU GOLD FUND if it is going to Close below recent Support of $12.51.
EXIT SAVE SPIRIT AIRLINES if it is going to Close below the Pink Line around $61.64. 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.