Markets are up more today, as Mutual Funds insist on Buying on the Highs. Most of the Leaders are in the Red Zones (probably too late to Buy for the Short Term) so Short Term Traders should raise CASH, or have tight Sell Stops in.
Please be patient and WAIT for pull-backs… Last month Semiconductors lost 10-15% on a minor Market pull-back.
The NASDAQ 100 is back up to the Highs, but the Volume is average.
Crude Oil is up today around $47.05 / barrel.
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 (Need a pull-back).
Money Wave Buys soon for: CLVS CLOVIS ONCOLOGY, HRB H&R BLOCK, IMGN IMMUNOGEN INC. KTOS KRATOS DEFENSE, LITE LUMENTUM & NVCR NOVACURE. 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 IMMU IMMUNOMEDICS if it is going to Close Below your Buy Price, or $8.88.
EXIT TCEHY TEN CENT HOLDINGS on the Close for 9.5% Gain, or have a tight Sell Stop Loss below it.
Click for 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.
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– CLVS