Markets “Gapped Up” today, as the NASDAQ 100 sliced Above the Red Line (50-day avg.) to bring in more Buying. The Small Caps and NASDAQ 100 Indices are holding up the best.
The S&P 500 & DOW Indices still must get back Above the Red Lines (50-day avgs.) to bring in more Buying.
Crude Oil was up again today at $69.70.
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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
MU MICRON TECH Money Wave Buy today. Place Sell Stop Loss below Support of $45.31 on the Close. This will be a 2nd entry for a Short Term Trade.
ERIC ERICSSON TELEPHONE Money Wave Buy today. ERIC will not be Logged, as the Volume is Below average.We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
GERN GERON CORP. Money Wave must Close in the Green Zone.
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 IMGN IMMUNOGEN INC. if it is going to Close Below your Buy Price, or $10.81.
EXIT GES GUESS? INC. if it is going to Close Below the Pink Line around $23.25. This trade was not logged.
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 NICE WEEKEND!
