Markets were higher today as the DOW & S&P 500 Indices are trying to catch up with the NASDAQ 100 and Small Cap recent New Highs. The Big Tech Leaders are so over-bought that some are struggling today.
The Strongest Leaders are back up in the Red Zones (probably too late to Buy for the Short Term), so Short Term Traders should be raising Cash soon. The Money Wave bounces from the Green Zones are not very strong, as the Market advances are narrow.
Crude Oil was down today at $64.95, but Oil could be trying to bottom.
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
BUY SGMO SANGAMO THERA. today for the Long Term Portfolio, if it is going to Close Above $16.90. Place Sell Stop Loss below the Green Line of $15.70 on the Close.
Money Wave Buys soon for:
MU MICRON TECH Money Wave must Close in the Green Zone.
TRXC TRANSENTERIX, INC. Money Wave must Close in the Green Zone.
USO US OIL 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).
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SELLS TODAY NONE TODAY
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.