Crude Oil is down to the Green Line of $49!
The Markets are down again today, as Crude Oil has dropped another 2%. Crude Oil is down to the Green Line. Most Metals and Oil Investments (see Watch List) have had nice pull-backs, and their Relative Strength values have remained Above 90 (indicating a good Rally Pop potential!).
Many are waiting on probable FED RAISE next Wednesday. Commodities have dumped with the Rising US Dollar, but the Dollar should take profits on the FED News.
The Market Indices are still holding up very well, even with some Indices falling Below the Pink Lines (10-day avgs.) and creating Short Term Sell Signals. Looks like the DOW wants to try the Highs again, and the Long Watch List below agrees.
The Reward / Risk ratio of investing now is poor, so please do not Buy unless you are VERY NIMBLE, as the Leaders are still Way Above the Green Lines.
Many Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BUYS: PIP PHARM ATHENE Money Wave Buy today. We will not Log, as it is already up 19% today!
ON DECK to Buy soon: AKS AK STEEL , ARNC ARCONIC INC, CENX CENTURY ALUMINUM, CLF CLIFFS NAT’L RES. CSX CSX CORP, DIA DOW 30 FUND, FCAU FIAT CHRYSLER, JPM JP MORGAN, KRE BANKING INDEX, LUV SOUTHWEST AIR, SN SANCHEZ ENERGY, VALE VALE DE RIO, X US STEEL, XME METALS & MINING FUND. We will email when they are ready.
SELLS
WE will LOWER the STOP again on EWZ BRAZIL FUND to today’s low of $36.19, as EWZ is already back down in the Green Zone, & the Relative Strength is still 96. (For Short Term Portfolio only). We will probably try to Bail if it gets back up around $38.
EXIT WDC WESTERN DIGITAL if you are still in, as it is going to Close below the Pink Line of $76.43.
Click for WATCH LIST
Click for OPEN POSITIONS
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.
About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buy orders.