Markets were up slightly again today as the Economy grew at 3.2 % for the first quarter. Volume was low as the Markets are up at Resistance. The S&P 500 Index needs to hold above the Pink Line (10-day avg.) of 2915, to avoid a Short Term Sell Signal.
Please WAIT for the Leaders to return back down to their Green Zones for Money Wave Buy Signals.
Crude Oil was down $0.80 today at $62.95.
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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
HZNP HORIZON PHARM. Medium Term Buy today (2nd Buy Signal). HZNP will not be logged as the Volume is below average.
LUN.TO LUNDIN MINING CORP. (TSE) Money Wave Buy today, but Foreign Investments will not be logged.
ORIENTBANK.IN ORIENTAL BANK (NSE) Money Wave Buy today, but Foreign Investments will not be logged.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
LONG TERM BUYS
KTOS KRATOS DEFENSE and MEET THE MEET GROUP both pushed up thru their Red Lines today with > 4% pops. We will try to enter those next week.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
ASHR CHINA FUND
IONS IONIS PHARM. Buy if it is going to Close above $75.11.
RIO RIO TINTO PLC Money Wave must Close in the Green Zone.
SID COMPANHIA SIDERURGICA (2nd Buy Signal). Medium Term Buy when it Closes above the Red Line of $3.74.
SNAP SNAP, INC. Money Wave must Close in the Green Zone.
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 NONE TODAY
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.
HAVE A NICE WEEKEND!