Markets were mixed today on low Holiday Volume. Many Money Wave Buys have kicked in recently.
Try to Buy the Strongest Investments that are bouncing up off the Red Lines (50-day avgs.)
The WatchList is loaded with many Investments that are down in the Green Zones (see list below).
Please be patient, and WAIT for Money Wave Buy Signals.
Crude Oil was down today at $73.95.
_____________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY
VKTX VIKING THERA. Money Wave Buy today. VRTX will not be logged, as it is already up over 3% today and 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:
I INTELSAT GLOBAL (2nd Buy)
KSS KOHLS CORP.
RL POLO RALPH LOREN
WLL WHITING PETE. (2nd Buy)
XRT RETAIL FUND
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).
______________________________________________________________________________________
SELLS TODAY
EXIT EC ECOPETROL SA if it is going to Close Below the Pink Line around $19.88. This trade was not logged.
EXIT XOP OIL & GAS FUND if it is going to Close Below your Buy Price, or $42.58. This trade was not logged.
LOWER the Sell Stop Loss on M MACY’S, Inc. to the Red Line of $35.12, as the Relative Strength is still 97. This trade was not logged.
LOWER the Sell Stop Loss on WLL WHITING PETE. to the Red Line of $48.30, as the Relative Strength is still 99. This trade was not logged.
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.