Markets were up again today as the Indices are crossing up above their Red Lines (50-day avgs.) The S&P 500 is currently above the Red Line at 2617, which could be a Bullish sign.
We have RAISED the Sell Stop Losses on many positions, as the DOW Index has already rallied 2500 points off the Lows. PORTFOLIO
Longer term the Markets should return back up towards their Green Lines or Higher, after some backing and filling.
Crude Oil was up $0.40 today at $52.40.
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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:
DG DOLLAR GENERAL Money Wave must Close in the Green Zone.
PSQ INVERSE NASDAQ 100 FUND Medium Term Buy when it Closes above the Pink Line (10-day avg.)
RWM INVERSE SMALL CAP FUND Medium Term Buy when it Closes above the Pink Line (10-day avg.)
SH INVERSE S&P 500 Fund
TLT US GOV’T. BOND FUND
VXX VIX VOLATILITY FUND Medium Term Buy when it Closes above the Pink Line (10-day avg.)
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
EXIT LULU LULULEMON ATHLETICA on the Close today, or have a tight Sell Stop below it. We will try to Buy again lower.
EXIT VZ VERIZON COMM. if it is going to Close below the Pink Line around $57.12.
EXIT I INTELSAT GLOBAL (2nd Buy only) if it is going to Close below your Buy Price, or $23.11. 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.
Hi Joann, I am a new subscriber and I am just getting used to your system; which I am enjoying.
Q: We were waiting for the money wave to pop above 20 on the PSQ to go long, in reality short. It seemed to do that today but now you say that we need it to get above the “pink line”. May I ask, what was the rationale for the change?
Noel
Hi Noel, and thank you for subscribing!
Yes PSQ had the Money Wave Close > 20 today, but PSQ is currently Below the Green Line so we can’t Buy it yet, according to the Rules.
So we changed it to Medium Term Buy, and will enter on a Close above the Pink Line.
PSQ Chart
Got it, thank you.