Markets are mixed again today, with the Big DOW stocks up and the Big NASDAQ down. None of the FAANG stocks are on Highs, but several major Indices are.
Most of the Indices are back up in the Red Zones (probably too late to Buy for the Short Term), and up to August Resistance. We will see if they can get thru here.
WAIT for Green Zone Buys.
Crude Oil is up today at $49.70 / 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: FBR FIBRIA CELULOSE, FOLD AMICUS THERA, KEM KEMET CORP, & KTOS KRATOS DEFENSE. 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 FB FACEBOOK INC. if it is going to Close Below the Pink Line around $172.16.
EXIT BITA BITAUTO INC. on the Close today if you bought it (23% Gain), or have a tight Sell Stop Loss below it.
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.