The Markets are up slightly today, as the buying frenzy is tired, but most are still holding Above the Pink Lines (10-day avgs) to avoid Short Term Sell Signals. Most of the Leading Funds are now coming down from the Red Zones. The Green Zone Watch List is growing, for Buy Signals soon.
The Reward / Risk ratio of investing now is poor, so please do not Buy unless you are VERY NIMBLE, as the Leaders are still Way Above the Green Lines.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
ARRY ARRAY BIOPHARM Money Wave Buy today. We will not log, as it is already up 7% today.
CENX CENTURY ALUMINUM Money Wave Buy today.
CLVS CLOVIS ONCOLOGY Money Wave Buy today. We will not log, as it is already up 4.5% today.
PES PIONEER ENERGY Money Wave Buy today. We will not log, as it is already up 5.5% today.
SN SANCHEZ ENERGY Money Wave Buy today.
URA URANIUM FUND Money Wave Buy Today. We will Buy for Short Term & Long Term Portfolios.
ON DECK to Buy soon: AXAS ABRAXAS PETE EWZ BRAZIL FUND, RIO RIO TINTO RSX RUSSIA FUND, SCCO SOUTHERN COPPER, & XME METALS & MINING FUND. We will email when they are ready.
SELLS
NONE TODAY
Click for WATCH LIST
Click for 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.
About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buy orders.
Great call on CENX.
Thank you Derekdo! CENX