The Markets are bouncing today, as the S&P 500 is trying to Close back Above the Red Line (50-day avg.) to avoid a Medium Term Sell Signal. The Strongest Indices have not come down much (Naz 100, Semis & Techs), but did Close Below the Pink Lines for Short Term Sell Signals. The Strongest Indices should go back up again soon to re-test the recent Highs.
We are looking to Buy Investments that just made fresh new Highs (AAPL DDD EA JD MAR SINA, etc.) The very Strongest will probably re-test the Highs again, before they come back down in their Green Zones for Money Wave Buys.
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: CSX CSX CORP Probably a Money Wave Buy today, if the Indicator stays > 20.
Money Wave Buy Signals soon: DV DEVRY INC, EXAS EXACT SCIENCES, & SCSS SELECT COMFORT, VIAV VIAVI SOLUTIONS & WDC WESTERN DIGITAL. We will email you when they are ready. Click on WatchList
SELLS TODAY: NONE TODAY
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.
Related Post
– CSX