Markets are up slightly today, and re-testing Friday’s High. The Tech Stocks are still stretching higher, and are holding the Markets up.
The S&P 500 is still Above the Pink Line (10-day avg.) of 2568 to avoid a Short Term Sell Signal.
Be patient and WAIT for the Leaders to return back down to their Green Zone for Money Wave Buys..
Crude Oil is up today at $54.45/ 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
YY YY INC. Money Wave Buy today. We will not log YY, as it is already up 3% today, and the Volume is below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for MNKD MANNKIND CORP. SKX SKETCHERS USA, and WB WEIBO CORP. 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 XBI BIOTECH FUND if it is going to Close below your Buy Price, or $83.80.
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.