Markets were up slightly today as the S&P 500 is trying to bounce at the 62% Retracement level down from the early April bounce. Maybe another quick test back down tomorrow, and if it holds possibly a good rally up.
Many of the Leaders are quickly cycling back down near the Green Zones, but the Relative Strength has dropped below 90 on most of the Indices… Please be patient and WAIT for Green Zones Buys.
Crude Oil was up today at $67.95.
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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:
ANF AMBERCROMBIE & FITCH
CROX CROCS, INC. Money Wave must Close in the Green Zone.
INTC INTEL CORP.
NFLX NETFLIX, INC. Money Wave must Close in the Green Zone.
STX SEAGATE TECH
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 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.
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– ANF
