The Markets are down slightly today, as the buying frenzy is tired, but most are still holding Above the Pink Lines (10-day avgs) to avoid Short Term Sell Signals. Most of the Leading Funds are now coming down from the Red Zones. The Green Zone Watch List is growing, for Buy Signals soon.
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.
WDC WESTERN DIGITAL Money Wave Buy today
ON DECK to Buy soon: ARRY ARRAY BIOPHARM AXAS ABRAXAS PETE CENX CENTURY ALUMINIUM SN SANCHEZ ENERGY, URA URANIUM FUND & XME METALS & MINING FUND. We will email when they are ready.
SELLS
EXIT MU MICRON TECH FINANCIAL today if it is going to Close Below your Buy Price, or $23.35.
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.