The Markets were higher again today as longer term Buyers are hoping for a Market bottom. Because the steep decline of the Markets in December, there is a high probability that the Indices will fail near the Red Lines (50-day avgs.) and go back down to re-test the Lows.
The Inverse S&P 500 Fund (SH) above, meets all of the Green Line Rules (1.Above the Green Line 2. Above 90 Relative Strength 3. In the Green Zone.)
SH Fund should have a Money Wave Buy Signal soon. If you are not familiar with Inverse Funds, they are a way to HEDGE your LONG or Upside Positions, as Inverse Funds do the opposite of the Markets.
We have RAISED the Sell Stop Losses on many positions, as the DOW Index has already rallied 2150 points off the Lows. PORTFOLIO
Longer term the Markets are Over-Sold and should return back up towards the Green Line after backing and filling.
Crude Oil was up $1.10 today at $49.65.
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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:
PSQ INVERSE NASDAQ 100 FUND
RWM INVERSE SMALL CAP FUND
SH INVERSE S&P 500 Fund
VXX VIX VOLATILITY FUND
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 NONE TODAY
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.
