Markets were down today as some of the Indices slipped below their Pink Lines (10-day avgs.) in the morning. The Strongest NASDAQ 100 and Small Cap Indices held up fine, to avoid Short Term Sell Signals.
The big DOW Index is weaker, but is almost down to the Green Zone (Relative Strength is Below 90}.
The Leaders are still holding above their Pink Lines (10-day avgs.) to avoid Short Term Sell Signals.
Crude Oil was down today at $65.00 after Failing at the Red Line (50-day avg.)
Please be patient, and WAIT for the Leading Investments to return to the Green Zones for more Money Wave Buy Signals.
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The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY
Money Wave Buys soon for:
DK DELEK US HOLDINGS
DNR DENBURY RESOURCES
KSS KOHLS CORP.
M MACY’S INC.
WLL WHITING PETE.
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
LOWER the Sell Stop Loss on USO US OIL FUND to $13.00 on the Close. Maybe it will have a “W” pattern back up soon.
EXIT NIHD NII HOLDINGS on the Close or have a tight Sell Stop Loss below it, if you bought it. NIHD is up 50% in two weeks. 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.
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– DK
