Markets “Gapped Up” to New Highs this morning, but have faded towards the Close. The Tech Stocks are down slightly, and could be Reversing.
The S&P 500 is still Above the Pink Line (10-day avg.) of 2570 to avoid a Short Term Sell Signal.
Be patient and WAIT for the Leaders to return back down to their Green Zone for Money Wave Buys..
Crude Oil is down today at $54.30/ barrel.
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Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY
SKX SKETCHERS USA Money Wave Buy today. We will not log SKX, as the Volume is below average.
WB WEIBO CORP. We will not log WB, as is is already up 4% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for BITA BITAUTO HOLDINGS, and MNKD MANNKIND CORP. We will email you when they are ready. Click on WatchList
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
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. We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Related Post
– SKX