Markets dumped more today after Tammy spent all of her Money last month Buying on the Good News.
Smart Money Sold on the Good News and in the Red Zones last month, and is waiting for Buy Signals to get back in.
The S&P 500 is back down in the Green Zone, and we like to Buy on Bad News.
The Watch List now has over 25 Leaders in the Green Zones to Buy next week. They are not all listed below, as there are too many. The strongest ones should bounce near their Red Lines (50-day avgs.)
Try to Buy Investments that recently made new Highs, and Hold ABOVE the Red Lines. Usually these will bounce the quickest.
Crude Oil is down today at $63.85.
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Money Wave Buys soon!
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:
BOTZ ROBOTICS FUND
CANN GENERAL CANNABIS
FXI CHINA FUND
ITB HOME BUILDING FUND
ON ON SEMICONDUCTOR
OSTK OVERSTOCK.COM
RIOT RIOT BLOCKCHAIN
ROST ROSS STORES
TCEHY TENCENT HOLDINGS
X U S STEEL GROUP
ALSO: CAT WMT XLY FCAU XBI VIPS MCHI LOW DG
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
LOWER SELL STOP LOSS on HFC HOLLY FRONTIER to today’s Low of $44.07 on the Close.
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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– FXI