Markets were mixed today as the rally off the Green Line is over-bought for the Short Term. Markets could stall or pull back some for a while. Most of the Indices are now Above the Red Lines (50-day avgs.) which normally means a re-test of the January Highs in a few weeks
Many of the Leaders are now back up in the Red Zones (probably too late to Buy for the Short Term)… Please be patient and WAIT for Green Zones Buys.
Crude Oil up again today at $68.50.
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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 soon for:
CROX CROCS, INC.
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 still Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
EXIT CSCO CISCO SYSTEMS on the Close today, or have a tight Sell Stop Loss Below it, as the Buy Signal was too early.
EXIT MU MICRON TECH if it is going to Close Below your Buy Price, or $53.39.
EXIT SPLK SPLUNK, INC. on the Close today, or have a tight Sell Stop Loss Below it, to capture a 9% Gain.
Sell Stop Losses have been raised on many positions. Most have been raised to your Buy Price (Don’t Take a Loss!)
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.
Related Post
– CROX
