Markets dropped down in the morning, but the INDICES are holding at the Red Lines. The Leaders should bounce back up to the recent Highs. The Semis SMH & NASDAQ 100 QQQ still don’t have many Sellers.
The Reward / Risk ratio of investing now is poor, so please do not Buy unless you are VERY NIMBLE, as the Leaders are still Way Above the Green Lines.
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:
EWZ Brazil FUND Money Wave Buy today.
VALE VALE DE RIO Money Wave Buy today.
ON DECK to Buy soon: Too many to list.. Please click on the WatchList We will email when they are ready.
SELLS TODAY:
We will lower Sell Stop on OLN to today’s Low of $30.39 on the Close.
Consider a quick 6% trade on URA URANIUM FUND if you Bought on Friday.
Click for PORTFOLIO (Open Positions)
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.
About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buys.