Markets were mixed today on very low Volume. The S&P 500 Index is over bought and in the Red Zone, and might pull back down to re-test the 2960 Support in a few days (see Chart above) before rallying more. Short Term traders might want to raise some Cash.
New Subscribers, The Money Wave Buy signals work best when the S&P 500 Index (above) is also down in the Green Zone (currently it is in the Red Zone). If you are a newer Investor, then you might WAIT until the S&P 500 Index is also in the Green Zone before Buying other Money Wave Buy Signals.
Bonds are up slightly today, and are going into a Money Wave Buy Signal today.
Crude Oil was down $0.75 today at $59.45.
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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 7/15/2019
TLT US GOVT. BOND FUND Medium Term Buy today. Target is $134.50. EXIT if it is going to Close below the Red Line of $129.51.
DHR DANAHER INC. Money Wave Buy today, DHR will not be logged, as the Volume is below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
XRAY DENTSPLY INT’L. Relative Strength is Below 90. Does not meet the Rules. Do not Buy.
Money Wave Buys Signals Soon: (Best to Buy these when the S&P 500 is also in the Green Zone.)
GBTC GRAYSCALE BITCOIN TRUST Money Wave must Close in the Green Zone.
SAP SAP AG Money Wave must Close in the Green Zone.
SPWR SUNPOWER CORP. 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 Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
EXIT XLRE REAL ESTATE FUND if it is going to Close below the Pink Line around $37.70. This trade was not logged.
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.