Markets are up slightly today, as the Leaders held above their Pink Lines (10-day avgs.) The BioTech Fund is the strongest, and should be good for a trade next time in the Green Zone.
Most Leading Funds were in the Red Zones (probably too late to Buy for the Short Term). WAIT for Green Zone Buys.
The Tech Fund and BioTech Fund made New Highs last week, and are the Leaders that should bounce first.
Crude Oil is up again today at $49.12 / barrel.
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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
Be patient and WAIT for Money Wave Buy soon for: EA ELECTRONIC ARTS, GLUU GLU MOBILE INC, & WTW WEIGHT WATCHERS INC. 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).
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SELLS TODAY:
EXIT BIOS BIOSCRIPT INC. if it is going to Close below your Buy Price, or $2.93.
EXIT NRG NRG ENERGY if it is going to Close below Support of $24.32.
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.