Markets were down slightly after yesterday’s big pop up. Trading was slow. The big FAANG Stocks are all struggling below their 50-day averages, which keeps the Short Term Traders out.
Most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term). Please be patient and wait for Green Zone Buy Signals.
Crude Oil is down again at $60.70.
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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
EUM INVERSE EMERGING MARKET FUND Money Wave Buy today. Target is $21.75. Place Sell Stop Loss below Support of $19.58 on the Close. (Caution, EUM is already up 2.84% today.)
Money Wave Buys Signals Soon:
AMD ADVANCED MICRO Wait for pull-back around $18.50.
RWM INVERSE SMALL CAP FUND Relative Strength is Below 90.
SQ SQUARE, INC. Wait for pull-back around $69.
USO US OIL FUND Wait for 2nd Buy.
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 USO US OIL FUND to $12.75 until it bottoms. Money Wave is in the Green Zone, and the Red Line (50-day avg.) is up at $14.36.
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.