Markets were down again today as the Indices continue down to the April Lows. The Volume is lower, and the FEAR Index is not making new Highs, maybe indicating a Market bottom soon.
The Markets are warning the FED not to Raise Rates on Wednesday, and for a Trade Deal with China. Markets are very over-sold, but Investors are waiting for a reason to buy.
The S&P 500 needs to Close above 2653 to pull in more Buyers.
Crude Oil was down $1.40 today at $49.50.
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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:
HCP HCP, INC.
XLRE REAL ESTATE FUND
NIHD NII HOLDINGS Medium Term Buy when Closes Above the Pink Line.
PBR PETROBRAS ENERGY Medium Term Buy when Closes Above the Pink Line.
UNG US NATURAL GAS FUND
VZ VERIZON COMM
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 AMD ADVANCED MICRO to $17.18 until the Markets bottom.
LOWER the Sell Stop Loss on ROKU ROKU INC. to $31.00 until it bottoms.
LOWER the Sell Stop Loss on USO US OIL FUND to $10.00 until it bottoms.
LOWER the Sell Stop Loss on VZ VERIZON COMM. to $51.94 as it is back down in the Green Zone.
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.