Markets “Gapped Up” today on Good News, as the Indices work their way up towards the January Highs. The Strongest Indices like the NASDAQ 100 and Semiconductors were able to push above the Jan. & Feb Resistance.
Most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term. We will see if the other Indices can push above the Jan. & Feb Resistance.
Please be patient and WAIT for the Strongest Leaders to move back into their Green Zones for Buy Signals.
Crude Oil is up today at $62.10.
_____________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY
Money Wave Buys soon for:
RH RESTORATION HARDWARE for a Longer Term bounce off the Green Line soon.
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click on Watch List.
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).
______________________________________________________________________________________
SELLS TODAY NONE TODAY
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.
HAVE A GREAT WEEKEND.
