Markets were up today on lower Volume, as most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term. We will see if the Strongest Indices like the NASDAQ 100 above can push above the Jan. & Feb Resistance.
Investments that are coming down into the Green Zones are not as Strong, and the bounces have not been very good.,
Please be patient and WAIT for the Strongest Leaders to move back into their Green Zones.
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 down again today at $60.30.
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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
SRNE SORRENTO THERA. Money Wave Buy today. SRNE will not be logged, as it is already up 5% today, and the Volume is below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
EWZ BRAZIL FUND
WTW WEIGHT WATCHERS Relative Strength is Below 90. Breaks the Rules today.
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 MTCH MATCH GROUP on the Close today, or have a tight Sell Stop Below it to capture an 8% Gain.
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.
