The Markets are down slightly today, as the S&P 500 creeps up to the August High of 2194. Failing there should cause Selling. Volume is drying up from lack of Buyers in these Over-bought conditions… Most Leading Funds are near the Red Zones, so be cautious. Please be patient and wait for a Market pull-back, or Money Wave Buy Signals.
Money Wave Buy soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
We will not Buy TSRO as the Volume is too low.
We will not Buy TTMI as it is already 11% above Support.
ON DECK: (Maybe for tomorrow) CSX VALE.P
WAIT for Money Waves Buys soon coming out of the Green Zones. We will email you when they are ready.
Click for WATCH LIST
Click for STOCKCHARTS LIST
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.
EWZ should be a sell, shouldn’t it? The Stoch is over 50 and it is below the purchase price.
Yes, we raised EWZ to Code Yellow today after Money Wave Closed > 50. We will Exit EWZ on Monday if it is going to Close below Purchase Price or $33.47.
We are stretching the Rules a little (by waiting for the Money Wave to Close > 50) before raising the Stop up, since EWZ is well off the Highs…