Markets dipped down this morning below the Pink Lines (10-day avgs.) but are trying to rally back up on the Close. The S&P closing below 2722 could create a Short Term Sell Signal.
The Small Caps look like they need to re-test the recent All-Time High soon.
Please be patient, and WAIT for the Leading Investments to return to the Green Zones for more Money Wave Buy Signals.
Crude Oil was down today at $71.70.
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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
NIHD NII HOLDINGS Money Wave Buy today. NIHD will not be logged, at it is already up 9% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
LGCY LEGACY RESERVES
PBR PETROBRAS OIL
SRNE SORRENTO THERA. Money Wave must Close in the Green Zone.
VALE VALE DO RIO SA Money Wave must Close in the Green Zone.
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 ANF ABERCROMBIE & FITCH is it is going to Close below the Red Line around $25.28. This 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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– LGCY
