Markets are mixed today, and the S&P 500 was able to rally last night to stay above the Pink Line (10-day avg.) of 2584. The Leading Tech Stocks were able to bounce off the Pink Line, and should re-test the Highs soon.
Be patient and WAIT for the Leaders to return back down to their Green Zone for Money Wave Buys..
Crude Oil is down today at $56.85/ 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
ABEO ABEONA THERA. Money Wave Buy today. We will not log ABEO, as the Volume is below average today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for ALLY ALLY FINANCIAL, TRXC TRANSENTERIX & WTW WEIGHT WATCHERS. 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 OSTK OVERSTOCK.COM if it is going to Close below your Buy Price, or $52.40.
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.
HAVE A NICE WEEKEND!
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– ABEO