Markets are down slightly today as the NASDAQ 100 and Semiconductors are having some profit taking.
Most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term.
Please be patient and WAIT for the Strongest Leaders to move back into their Green Zones for Buy Signals.
Crude Oil is down again today at $60.60.
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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:
ARNA ARENA PHARM.
GBT GLOBAL BLOOD THERA.
STLD STEEL DYNAMICS
URBN URBAN OUTFITTERS
X US STEEL CORP.
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).
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SELLS TODAY
EXIT YNDX YANDEX N V if it is going to Close below the Pink Line around $42.19.
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.
Related Post
– STLD
