Markets are up slightly today, as the Leading Tech Stocks are going up to re-test last week’s Highs.
The S&P 500 is struggling at the Pink Line (10-day avg.) of 2586.
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 $56.75/ 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
Money Wave Buys soon for ALLY ALLY FINANCIAL, DVAX DYNAVAX TECH, & 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 BABA ALIBABA GROUP if it is going to Close below the Pink Line around $185.83.
EXIT OSTK OVERSTOCK.COM on the Close today, 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.
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– WTW