Markets bounced today, as many Money Wave Buy signals kicked in . Some of the Strongest Investments did not Close in the Green Zones, as the decline was small… We will not trade these, as the Rules require a Close in the Green Zone.
The Strongest Leaders are already back up near the Highs, so be careful Buying.
Try to Buy Investments that recently made new Highs on pull-backs to the Green Zones. These usually will bounce the quickest.
Crude Oil is up today at $62.65.
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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
RSX RUSSIA FUND Money Wave Buy today. Place Sell Stop Loss below Support of $22.63 on the Close.
YNDX YANDEX N V Money Wave Buy today. Place Sell Stop Loss below Support of $39.52 on the Close.
Money Wave Buys soon for:
ATRA ATARA BIOTHERA.
DE DEERE & CO.
EWZ BRAZIL FUND
SGMO SANGAMO THERA.
VIPS VIPSHOP HOLDINGS
WTW WEIGHT WATCHERS
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.
Related Post
– ATRA
As a trader who is new to green line trading rules, What is the best way to view rate of change? This trading style is best for a 3% up to 5% pop up. For example: on MTCH, ROC(3) as of 1:45 pm eastern time March 6, the ROC(3 is 7.48% up. With the vix >16, I am being strict on profit taking. Who should we read the ROC for profit taking?
For very nimble profit taking, go to the 60-min Chart and Sell when it Falls below the Pink Line (10-hr avg.)
MTCH Chart
Good trading, and tell your friends!