Markets are up again today as some of the Indices have rallied up above their Red Lines (50-day avgs.) If they could get through here they could go back up to the Highs soon.
Many Leaders are quickly back up in the Red Zones (probably too late to Buy for the Short Term) so we are raising some Cash below. The Markets could go back down again next week, and re-test last week’s Lows.
Try to Buy Investments that recently made new Highs on pull-backs to the Green Zones. These usually will bounce the quickest.
Crude Oil is up today at $61.40.
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Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY
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).
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SELLS TODAY
EXIT FXI CHINA FUND on the Close today, or have a tight Sell Stop Below it, as the Buy Signal was early.
EXIT OSTK OVERSTOCK.COM on the Close today, or have a tight Sell Stop Below it to capture a 18% Gain.
EXIT RSX RUSSIA FUND on the Close today, or have a tight Sell Stop Below it.
Most of the Sell Stop Losses have been moved up to the Buy Prices. (Don’t take a Loss).
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.