Markets were up slightly today after the FED Raised Short Term Interest Rates 1/4 of a point to 2 1/4%.
The Strongest Indices are holding above the Pink Lines (10-day avgs.) to avoid Short Term Sell Signals.
Maybe a bounce soon off the Pink Lines to try the Highs again. Not many Stocks are making New Highs lately.
Crude Oil was down today at $71.60.
_____________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY
P PANDORA MEDIA Money Wave Buy today. P will not be logged, as it is is already up 4% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon:
CRON CRONOS GROUP
DRI DARDEN RESTAURANTS
JWN NORDSTROM, INC.
QCOM QUALCOMM, INC.
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).
______________________________________________________________________________________
SELLS TODAY
LOWER the Sell Stop Loss on FDC FIRST DATA CORP. to the Red Line of $24.41 on the Close. This trade was not logged.
EXIT TRXC TRANSENTERIX, INC. if it is going to Close below the Pink Line around $6.25 on the Close. 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.