Markets are bouncing today, after becoming over-sold The S&P 500 must hold Support at 2322. Steel and Oil Stocks have weakened.
The Strongest Leaders should bounce back up to the recent Highs. The Semis SMH & NASDAQ 100 QQQ are holding up well.
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:
BA BOEING CO. Money Wave Buy today.
Maybe BAC BANK OF AMERICA Money Wave Buy today. Make sure the Money Wave is going to Close > 20.
NVDA NVIDIA CORP. Money Wave Buy today. We will not log, as Earnings are about to come out.
SAN SANTANDER BANK Money Wave Buy today.
There should be many Money Wave Buy Signals soon. Please click on the WatchList We will email you when they are ready.
SELLS TODAY:
EXIT URA URANIUM FUND if it is going to Close Below $15.38.
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.