Markets are down today, but have recovered well off the morning lows. The Leading Tech Stocks and the DOW are holding up the Markets, and should re-test last week’s Highs.
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 $55.70/ 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
ALLY ALLY FINANCIAL Money Wave Buy today. Place Sell Stop Loss below the Support of $25.30 on the Close.
Money Wave Buys soon for DVAX DYNAVAX TECH, EWY SOUTH KOREA FUND & WTW WEIGHT WATCHERS. 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
EXIT GLUU GLU MOBILE if it is going to Close below your Buy Price, or $3.93.
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.
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– ALLY