Markets are down slightly today, after last week’s rally. Should be small bounces off the Pink Lines soon (10-day avgs.)
Most of the Leaders are in the Red Zones (probably too late to Buy for the Short Term), so Short Term Traders should be raising Cash. The Markets seem to be running on upward momentum.
The Semiconductors and BioTechs are the Strongest Sectors to buy, but are both in the Red Zones (probably too late to Buy for the Short Term).
Be patient and WAIT for the Leaders back down to their Green Zone for Money Wave Buys..
Crude Oil is up slightly today at $49.60 / 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
IPI INTREPID POTASH Money Wave Buy today. We will Not Log IPI, as it is already up more than 3% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for EWI ITALY FUND, and IMMU IMMUNOMEDICS 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 REMX RARE EARTH FUND if you bought it, on the Close to preserve an 8% gain (or have a tight Sell Stop Loss below it.
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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– IPI