Markets “Gapped Up” today on panic buying, with the Big DOW stocks and the S&P 500 Index making New Highs again. Should be reaching a Short Term Climax soon. NASDAQ 100 Index is down today.
The Semiconductors are the Strongest Sector.
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.
WAIT for Green Zone Buys.
Crude Oil is down today at $49.40 / 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:
FBR FIBRIA CELULOSE. Money Wave Buy today. We will not log this trade, as FBR has poor Volume today.
KTOS KRATOS DEFENSE. Money Wave Buy today. We will not log this trade, as KTOS is already up 4% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Be patient and WAIT for Money Wave Buy soon for: IMGN IMMUNOGEN INC. & VRTX VERTEX PHARM. 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 WTW WEIGHT WATCHERS if it is going to Close Below the Red Line of $41.15.
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.