Markets were up slightly again today, as the Mutual Funds loved Netflix’s Earnings of $0.41 last quarter on a $250 stock. NFLX is growing well, but the stock is up 25X in 5 yrs, compared to the S&P 500 of about 2.4X. Smart Money will go to areas of better value once the upward momentum of NFLX is over.
The Indices are curving up on the excitement of Earnings. The S&P 500 has Support at the Pink Line of 2791 (10-day avg.).
Most Leading Funds are up near the Red Zones. Please wait for the Money Wave Indicators to return to the Green Zones.
When the Markets pull-back, try to Buy Investments that recently made new Highs.
Crude Oil is up today at $64.70.
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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 NONE TODAY
BB BLACKBERRY LTD. Probable Buy today if the Money Wave Close > 20. We will not log BB, as the Volume is Below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
KBH K B HOME
LIT LITHIUM FUND
TECK TECK RESOURCES
WATT ENERGOUS 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 OSTK OVERSTOCK.COM on the Close today to preserve a 12% Gain (or have a tight Sell Stop Loss Below it).
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.
Related Post
– BB
Hello, this is an educational question. I noticed that FSLR, is SCTR > 94 and volume > 1M. What am I missing, I noticed it was not on the watch list. What rule is keeping it from the watch list? Thank you, Kim
Yes FSLR meets the requirements… It has been lagging the Semi group. It was so close to the Highs that the trade could be small.
Will add today, as it is in the Green Zone.
Thank you fro writing!
FSLR Chart
Thank you, I value you.
Welcome, and good trading!