The Techs and Semiconductors dumped more than 2% today, as they slipped below the Pink Lines (10-day avgs.) to create Short Term Sell Signals.
The S&P 500 is trying to hold above the Pink Line (10-day avg.) to avoid a Short Term Sell Signal.
We should have many Money Wave Buys next week, on this Tech pull-back into the Green Zones.
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: NONE TODAY
Money Wave Buy Signals soon: ADSK AUTODESK INC. CSX CSX CORP. FBR FIBRIA CELULOSE & LL LUMBER LIQUIDATORS. We will email you when they are ready. Click on WatchList
Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are still Way Above the Green Lines (all Investments eventually return to their Green Lines).
SELLS TODAY:
EXIT EPI INDIA FUND if it is going to Close Below the Pink Line, or $25.09.
EXIT DDD 3D SYSTEMS if it is going to Close Below your Buy Price, or $20.68.
EXIT TER TERADYNE INC. if it is going to Close Below your Buy Price, or $35.31.
EXIT EWZ BRAZIL FUND in the LONG TERM Portfolio if it is going to Close Below the Green Line 0f $34.35.
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. We will not log trades if the Reward/Risk is not at least 2:1.
About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buys.