The Markets are mixed today, as the Indices are still struggling to stay Above the Pink Lines (10-day avgs.) and avoid Short Term Sell Signals. Looks like the DOW wants to try the Highs again, soon.
Money Wave Buys are not going up much, as the Markets need a healthier pull-back.
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.
Many Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
POSSIBLY: AMD ADVANCED MICRO Too Close to call at the time of this Post… Buy Near the Close if the Money Wave is Going to Close > 20.
ON DECK to Buy soon: AMD ADVANCED MICRO, ARNC ARCONIC INC, CLF CLIFFS NAT’L RES. PIP PHARM ATHENE, SN SANCHEZ ENERGY, VALE VALE DE RIO, XME METALS & MINING FUND. We will email when they are ready.
SELLS
EXIT AXAS ABRAXIS PETE if it is going to Close below Support of $2.10.
EXIT CLVS CLOVIS ONCOLOGY if it is going to Close below your Buy Price, or $60.92.
EXIT SCCO SOUTHERN COPPER if it is going to Close below Support of $36.66.
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.