The Markets are mixed today, as the buying frenzy is tired, and should Climax soon. Most of the Leading Funds are in the Red Zones (probably too late to Buy for the Short Term).
The Reward / Risk ratio of investing now is poor, so please do not Buy unless you are VERY NIMBLE, as the Leaders are still Way Above the Green Lines.
The NASDAQ 100 is the Strongest Index for the month of February. When the Markets will finally correct, there should be a good trade on QQQ near the Red Line.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
NONE TODAY
ON DECK to Buy soon: ARRY ARRAY BIOPHARM CENX CENTURY ALUMINIUM SN SANCHEZ ENERGY, WDC WESTERN DIGITAL & URA URANIUM FUND. We will email when they are ready.
SELLS
EXIT AMD ADVANCED MICRO on the Close, or have a very tight Sell Stop Loss on it.
EXIT NVDA today if it is going to Close Below your Buy Price, or $111.07.
We are changing SN SANCHEZ ENERGY to a LONG TERM BUY, as the Relative Strength is still very High, SN is in the Green Zone, and we don’t want to take a Big Loss.
Click for WATCH LIST
Click for OPEN POSITIONS
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.
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.