The Markets are mixed today, as the S&P 500 is down near the Red Line (50-day avg.). Normally the S&P will try to bounce soon, and re-test the recent Highs.
Many Leaders are back down in the Green Zones, for Buy Signals soon.
The Leading Semiconductors and Techs have hardly pulled back at all.
The Reward / Risk ratio of investing now is poor, so please do not Buy unless you are VERY NIMBLE, as the Leaders are still Way Above the Green Lines.
Many Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BUYS: CSX CSX CORP Money Wave Buy today.
ON DECK to Buy soon: ADI ANALOG DEVICES, BAC BANK OF AMERICA, EXEL EXELISIS, GV GOLDFIELD CORP, INCY INCYTE CORP, RF REGIONS FINANCIAL & XLF FINANCIAL FUND, We will email when it is ready.
SELLS
We are Lowering the Sell Stop Loss on URA URANIUM FUND 25 cents, since it is already back down in the Green Zone.
Click for WATCH LIST
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.
About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buy orders.