Markets are down slightly today, after the FED raised Short Term Rates up 1/4%. The S&P 500 is trying to hold Above the Pink Line (10-day avg.) around 2433, to avoid a Short Term Sell Signal.
The Leading Techs and Semiconductors are going back down to re-test Monday’s Lows & the Red Lines (50-day avgs.) again. Then they could have a possible “W” pattern back up to the Highs.
The Money Wave Buy list is growing, which normally means a bounce on the Markets soon. Try to Buy Investments that just made fresh new Highs, and still have Relative Strength Above 90.
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:
FBR FIBRIA CELULOSE Money Wave Buy today. Sell Stop if Closes Below $10.99.
VRTX VERTEX PHARM. Money Wave Buy today. We will not log VRTX as it is Way Above the Green Line.
Money Wave Buy Signals soon: BBRY BLACKBERRY INC, BBY BEST BUY CO. EXAS EXACT SCIENCES, JD JD.COM INC, LL LUMBER LIQUIDATORS, PYPL PAYPAL HOLDINGS, & UN UNILEVER N V. 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: 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. We will not log trades if the Reward/Risk is not at least 2:1.
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– EXAS