The Markets are quickly back up near the highs today… Several more Money Wave Buys today, but BE CAREFUL buying on TINY PULL-BACKS. This could be FAKE-OUT. A normal pull-back would take the S&P 500 down near the Red Line (50-day avg.)
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
IWM ISHARES RUSSELL 2000 We will NOT Buy (Way Above G L)
SMH VANECK SEMI ETF We will NOT Buy (Way Above G L)
WEN THE WENDY’S CO We will NOT Buy (Way Above G L)
ON DECK: NAVI
WAIT for Money Waves Buys soon coming out of the Green Zones. We will email you when they are ready.
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Click for OPEN POSITIONS
Many like to buy the day before, if the Investment has not popped up too much.
Money Wave Buys are usually good for a 3-6 % move in a few days.
About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buy orders.
The chart looks good now on MRVL but this was the news today….”Marvell Technology Price Target Cut to $12.00/Share From $14.00 by Goldman Sachs”. Normally I avoid stocks that have been “bad news” stung. What are your thoughts?
Thanks for the Comment, Jim.
You can either follow the Prediction of the MRVL Analyst at GS, or you can scientifically own the Top 10% of all Stocks on Pull-backs (with Stops).
Most will tell you that Predicting is for the Birds (and the 7.5 Million Share Buyers of MRVL today).