Markets were mixed today after dropping down this morning. The S&P 500 Index went down near the Pink Line (10-day avg.) of 2923, and was able to bounce to avoid a Short Term Sell Signal. Most Investors don’t see a reason to Sell, except that the Markets are Over-Bought on the Charts.
Please WAIT for the Leaders to return back down to their Green Zones for Money Wave Buy Signals.
Crude Oil was up $0.55 today at $64.05.
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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
KEYS KEYSIGHT TECH. Money Wave Buy today. KEYS will not be logged as the Volume is below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
ASHR CHINA FUND
DBD DIEBOLT Money Wave must Close in the Green Zone.
IONS IONIS PHARM. Buy if it is going to Close above $75.11.
RIO RIO TINTO PLC Relative Strength is Below 90.
SID COMPANHIA SIDERURGICA (2nd Buy Signal). Medium Term Buy when it Closes above the Red Line of $3.74.
NON US INVESTMENTS (These will not be logged.)
CVE.TO CENOVUS ENERGY (Toronto TSE)
EVR.L EVRAZ (London LSE)
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 YUMC YUM CHINA HOLDINGS on the Close today, or have a tight Sell Stop Loss below it to capture a 9.20% Gain.
EXIT ARRY ARRAY BIOPHARMA. if it is going to Close below your Buy Price, or $22.92. This trade was not logged.
EXIT NVTA INVITAE CORP. if it is going to Close below your Buy Price, or $23.63. 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.
