09/13/2016: Markets are down re-testing yesterday’s low of 2119 on the S&P 500. At the time of this email, we don’t know if it will be a Double Bottom and bounce yet. There should be a rally soon, as many Leaders are in the Green Zone, waiting for Money Wave Buys. Probably none today.
Money Wave Buys Soon: We are watching AMD AG CDE GDX HPE PE SINA SMH to Buy soon. We will email you when they are ready. Charts for Leaders Watch List Page
Current Open Positions – None
WATT qualified and I bought it at the close today.
Yes,
WATT
did go into a Money Wave Buy today…. We decided not to log it since it had such a big pop yesterday (10%).
Money Wave pops are usually good for 3-6%… Looks like many bought yesterday, but it held up well today.
WATT is now way Above the Swing Low of $14.03… Have a Tight Sell Stop at least where you bought it, if you don’t want
it to possibly roll back down to $15 or $14.
Sep 14 Money Wave is > 50. Nimble traders: If it Closes below where you bought it, GET OUT!
Yes, I was lucky it held up well. I sold at the close today for a nice profit. Thanks for the explanation and guidance.
Thanks Skip!