Markets will be Closed on Friday in observance of Good Friday.
Markets are down again today, testing the Red Lines (50-day avgs.) The S&P 500 must hold Support at 2322. Bonds are going up as if the Economy is really slowing down. Steel and Oil Stocks have weakened.
The Strongest Leaders should bounce back up to the recent Highs. The Semis SMH & NASDAQ 100 QQQ are holding up well.
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.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY:
AAOI APPLIED OPTO Money Wave Buy today. We will not log this trade, as it is already up 11% today.
CLVS CLOVIS ONCOLOGY Money Wave Buy today. We will not log this trade, as it is already up 5.5% today.
There should be many Money Wave Buy Signals soon. Please click on the WatchList We will email you when they are ready.
SELLS TODAY:
EXIT CFG CITIZENS FINANCIAL if it is going to Close Below $33.67.
EXIT NFLX NETFLIX INC. if it is going to Close Below $143.85.
EXIT OLN OLIN CORP. if it is going to Close Below $30.39.
EXIT URA URANIUM FUND if it is going to Close Below $15.38.
We will have to Exit AKS AK STEEL in the Longer Term Portfolio, as it is Closing Below the Green Line of $6.81. Hopefully it will get back above the Green Line soon, so we can get buy again, as AKS was $11.39 in January.
Click for PORTFOLIO (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 Buys.