Stubborn Markets! Markets are mixed today, as the Tech Stocks are up on the weak US Dollar, and the Financials are dumping. The Leaders are still above their Pink Lines (10-day avgs.) WAIT for Green Zone Buys.
The Tech Fund and BioTech Fund made New Highs last week, and should be good for bounces in their Green Zones.
Crude Oil is down slightly today at $49.08 / 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: BA BOEING CORP, 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 MDXG MIMEDX INC. if it is going to Close below the Pink Line around $16.07.
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.