Markets were mostly down today as many Indices are slowly returning to their Green Zones for Money Wave Buys soon. The S&P 500 is holding above the January Support of 2872, and is becoming 0ver-sold on the short term. The Markets should bounce up soon, but the Volume should be heavy to be “bullish”.
Please be patient and WAIT for the Leaders and Indices to return to their Green Zones for Money Wave Buy Signals.
Crude Oil was up today at $67.90.
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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:
DDD 3D SYSTEMS CORP.
ECYT ENDOCYTE, INC.
NTAP NETWORK APPLIANCE
USO US OIL FUND Money Wave must Close in the Green Zone.
VSTM VERASTEM INC.
XLK TECH FUND 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 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 NICE WEEKEND!
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– XLK