Markets were mixed today after yesterday’s big rally. The S&P 500 should close Above the Green Line today, but it is currently very Over-bought on the Short Term.
Please be patient and WAIT for Money Wave Buy Signals. Most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term).
Crude Oil was down $0.40 today at $53.90.
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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:
RWM INVERSE SMALL CAP FUND Medium Term Buy when it Closes above the Red Line (50-day avg.)
VHC VIRNEX X HOLDING CO. Buy when it Closes above the Pink Line (10-day avg.)
VXXB VIX VOLATILITY INDEX Medium Term Buy when it Closes above the Red Line (50-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 SAVE SPIRIT AIRLINES if it is going to Close below your Buy Price, or $58.49. 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.
The market will be last year OCT high?
Have to wait and see… A lower High would normally be a Sell Signal like in 2000.
QQQ Chart
I understand your criteria for a “Buy” and I read your explanation for a “will not log” but when you issue a buy for a stock with a “will not log” does that mean ultimately, that you do not recommend taking a position in that stock?
I am new subscriber- one day now and I am intrigued by the ABTGL strategy/ process. Do you have any performance data that you could share with me as to how ABTGL has done vs the S&P 500?
Thanks,
Thank you for subscribing!
Q: When you say “you will Not Log the trade” what does that mean?
A: If the Reward / Risk is not 2:1 or better we will not log the trade (or count it in our Performance Record). Some members want to see every mechanical Money Wave Buy Signal, but the Money Wave pops are usually only good for 3-6 % in the Short Term. If a stock is already up >3%, we will normally Not Log the trade.
Please refer to the following links on the web site:
FAQs
RULES
Closed Positions
Good trading, and tell your friends!