Markets were lower again today as the Support from last week did not hold on many Indices.
This could be an A-B-C down move towards the Green Line, where the entire move is a Wave 4 down correction… The lower Volume would indicate that.
The Bears see a possible “Right Shoulder” or Lower High, which would normally cause heavy selling. As long as the Markets are Above the Green Line, we are not very concerned, as All Investments return to their Green Line.
Crude Oil up today at $65.90.
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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
FBR FIBRIA CELULOSA SA Money Wave Buy today. Place Sell Stop Loss below support of $19.00 on the Close.
Money Wave Buys soon for:
BOTZ ROBOTICS FUND
CSCO CISCO SYSTEM,INC.
GBT GLOBAL BLOOD THERA.
QQQ NASDAQ 100 FUND
SMH SEMICONDUCTOR FUND Money Wave Must Close in the Green Zone.
TWTR TWITTER,INC.
XBI BIOTECH FUND Money Wave Must Close in the Green Zone.
XLK TECH 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
EXIT INTC INTEL CORP. if it is going to Close Below Support of $49.93.
EXIT SKX SKECHERS, USA. if it is going to Close Below Support of $39.12.
EXIT CANN GENERAL CANNIBIS CORP. if it is going to Close Below the Green Line of $3.08.
EXIT SRNE SORRENTO THERA. if it is going to Close Below your Buy Price, or $7.35 (trade was not logged).
EXIT STX SEAGATE TECH if it is going to Close Below the Pink Line of $58.90 (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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– BOTZ