Markets are mixed today, as the Techs and Semiconductors are finally having some profit taking, and are correcting. Most Indices are on Highs but are in the Red Zones (probably too late to the Short Term).
WAIT for the Leaders to return to their Green Zone for Money Wave Buys… Try to Buy Investments that recently made new Highs on the next pull-back.
Crude Oil is down today at $57.45/ 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 NONE TODAY
Money Wave Buys soon for BABA ALIBABA GROUP, MCHI CHINA FUND, ON ON SEMICONDUCTOR, SMH SEMICONDUCTOR FUND, SQ SQUARE INC. & STM ST MICRO. 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
INTC INTEL CORP. We will change INTC to a Medium Term Trade (Sell Stop Loss Below the Red Line around $42.36). The Semiconductors should bounce soon.
EXIT RXDX INGYTA INC. if it is going to Close Below your Buy Price, or $15.75.
Please Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
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.