Markets are down again today, testing the Red Lines (50-day avgs.) The Leaders should bounce back up to the recent Highs. The Semis SMH & NASDAQ 100 QQQ still don’t have many Sellers.
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.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY:
AAPL Apple Inc. Money Wave Buy today. We will not log this trade.
There should be many Money Wave Buy Signals soon. Please click on the WatchList We will email you when they are ready.
SELLS TODAY:
We will lower the Sell Stop on VALE VALE DE RIO by 16 cents to a Close below $8.65.
EXIT CFG CITIZENS FINANCIAL if it is going to Close Below $33.67.
Click for PORTFOLIO (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 Buys.