Markets were up today as the major Indices are holding above their Pink Lines (10-day avgs.) to avoid Short Term Sell Signals.
Tangible Investments like Copper, Oil, and Steel are perking up on hopes of a stronger Economy.
Most Leading Investments are in the Red Zone (probably too late to Buy for the Short Term). Please have Sell Stops below recent Short Term purchases.
When the Markets pull-back, try to Buy Investments that recently made new Highs.
Crude Oil is up today at $58.22.
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Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY
ADMS ADAMAS PHARM. Money Wave Buy today. We will not log ADMS, as it is already up over 5% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Please be patient and wait for more Money Wave Buys soon:
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 MRVL MARVELL TECH if it is going to Close Below your Buy Price, or $22.00.
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.
