Markets are up today, but the Buying is not good. There were many Money Wave Buys this week, but few decent Pops.
Markets have no story and the Leaders are High, so not much action.
The Leading DOW Index, and the Tech Fund must make New Highs soon, for this rally to continue.
Crude Oil is up today at $47.90 / barrel.
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: NONE TODAY
Money Wave Buys soon for: BIOS BIOSCRIPT INC. RH RESTORATION HARDWARE. We will email you when they are ready. Click on WatchList
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).
SELLS TODAY:
EXIT HRB H&R BLOCK if it is going to Close below your Buy Price, or $30.07.
EXIT VRTX VERTEX PHARM. if it is going to Close below the Pink Line around $152.28.
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. We will “Not Log” trades if the Reward/Risk is not at least 2:1.
HAVE A NICE WEEKEND!
Related Post
– BIOS