Markets were down slightly today on weak Selling. The Leaders are back up near last week’s Highs. We will find out soon if the Markets fail up here, or push Higher. The Tech Stocks and the DOW are currently the Strongest Indices.
Be patient and WAIT for the Leaders to return to their Green Zone for Money Wave Buys..
Crude Oil is up today at $56.60/ 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
DVAX DYNAVAX TECH Money Wave Buy today. We will not log DVAX, as the Volume is below average today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for RXDX IGNYTA INC. TRXC TRANSENTERIX INC. 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 FBR FIBRIA CELULOSE if it is going to Close below your Buy Price. or $16.07.
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.
HAVE A NICE WEEKEND!
Related Post
– TRXC
Are you still leaving comments over weekends
Thanks
Thank you for writing. Yes, there will be a Weekly Comment this week.
There has not been much to write about for the last few months… The Markets creep higher, and the Internals of the Markets get WEAKER each time up.
Buy most Followers only want to hear BULLISH news… Preaching about Caution when the Market is BLOWING UPWARD is pointless, until this MELT UP is complete.
So we are stepping aside, until this Good NEWS Buying and SHORT SQUEEZE is over. And the Markets will RETURN again to the Green Line.
Good trading, and tell your friends!
Thanks