Markets dumped this morning and rallied back strong. The strongest Leaders won’t go down much, as buyers are still coming in on dips.
The Leading DOW Index, and the Tech Fund must make New Highs soon, for this rally to continue.
Crude Oil is down today at $46.50 / barrel, but Gold Miners are up 3%.
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:
BIOS BIOSCRIPT INC. Money Wave Buy today. We will not log BIOS, as it is already up 4% today.
Money Wave Buys soon for: BITA BITAUTO HOLDINGS, CHGG CHEGG INC, MDXG MIMEDX GROUP, NRG NRG ENERGY & YY YY INC. We will email you when they are ready. Click on WatchList
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).
SELLS TODAY:
EXIT BBY BEST BUY CO. if it is going to Close Below your Buy Price, or $60.97.
EXIT CROX CROCS, INC. if it is going to Close Below your Buy Price, or $8.85.
EXIT EWP SPAIN FUND if it is going to Close Below your Buy Price, or $33.64.
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. We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Related Post
– BIOS