Markets were down slightly today on a volatile session. The Dow started up, and then dropped 400 points from the High on some negative news. Much of that drop was recovered near the Close. The Dow was up over 2.5% for the week.
Many Techs and Semiconductors are back down in the Green Zones for Buy Signals soon.
WAIT for the Leaders to return to their Green Zone for Money Wave Buys… Try to Buy Investments that recently made new Highs on the next pull-back.
Crude Oil is up today at $58.30/ barrel.
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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
BABA ALIBABA GROUP Money Wave Buy today, but the Relative Strength is Below 90 (88). We will not log BABA, as it is also Below the Red Line (50-day avg.)
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for BOTZ ROBOT FUND, MCHI CHINA FUND, MU MICRON TECH, ON ON SEMICONDUCTOR, OSTK OVERSTOCK.COM, SMH SEMICONDUCTOR FUND, & STM ST MICRO, & 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).
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SELLS TODAY
EXIT DVAX DYNAVAX TECH if it is going to Close Below the Pink Line around $18.72.
EXIT GRPN GROUPON INC. if it is going to Close Below the Pink Line around $5.65.
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.
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– MCHI