Now we are seeing how EMOTIONAL Investors can become… Last week the Markets were on Highs, and all was well. Now many Indices are quickly down to the Green Lines. The “HERD” just had to spend all of their Money when things were Good, and now some are Selling when things are Bad at a loss.
We like to Buy on Bad News (FEAR) and Take Profits on Good News.
Markets dumped again today as the S&P 500 quickly dropped down to the Green Line (250-day avg.) and Support of 2872. Now the S&P should work its way back up towards the Red Line (50-day avg.) in a few weeks.
The FEAR Index (VIX) is very High today, indicating that Tammy is buying Put options for further declines. Tammy is usually wrong.
The Strongest Leaders have corrected down enough for better Money Wave Buys soon. Try to Buy Investments that are holding Above the Red Lines (50-day avg.) as they should bounce better.
Bond prices have quit going down, and should bounce soon they are very Over-Sold. The 30 year T-Bond Yield is down at 3.32%..
Crude Oil was down today at $71.00.
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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 NONE TODAY
Money Wave Buys Signals Soon:
AMZN AMAZON.COM Relative Strength is Below 90.
BSX BOSTON SCIENTIFIC CORP.
FDC FIRST DATA CORP. Wait for 2nd Buy Signal.
LOW LOWES CO.
ROKU ROKU, INC. Wait for 2nd Buy Signal.
SQ SQUARE, INC.
TEAM ATLASSIAN CORP.
USO US OIL FUND
XLV HEALTH CARE 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
LOWER the Sell Stop Loss on ETP ENERGY TRANSFER LP to the Green Line of $17.30 until Market bottoms. Relative Strength is still 93.
EXIT ENDP ENDO PHARMA. if it is going to Close below the Pink Line around $17.21. 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.