Markets were up slightly today as the rally continued from Thursday’s low. So far the Money Wave Pops have been weak, probably because the Leaders did not correct much. Most Leaders are close to the previous Highs.
If you are a nimble Investor, please be prepared to Raise Cash if this rally cannot make New Highs soon.
The Markets might need to correct down more to bring in GOOD BUYING. Volume has been low on this bounce.
Please be patient and WAIT over-sold opportunities!
Crude Oil was down today at $68.65.
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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:
ACXM ACXIOM CORP.
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 BA BOEING Corp. if it is going to Close below the Red Line around $349.00.
EXIT ECYT ENDOCYTE INC. if it is going to Close below the Pink Line around $15.70.
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!
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– ACXM