The Markets are down today, as Crude Oil “Gapped Down” on Inventory news. The Indices have been holding up very well, even with Crude Oil dropping below $48. Looks like the DOW wants to try the Highs again.
Many are waiting on probable FED RAISE on Wednesday. Commodities have dumped with the Rising US Dollar, but the Dollar should take profits on the FED News.
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.
Many Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BUYS: CLF CLIFFS NAT’L RES. Money Wave Buy today.
CSX CSX CORP Money Wave Buy… We will not log, as CSX is Way Above the Green Line.
XME METALS & MINING FUND Money Wave Buy today.
ON DECK to Buy soon: CARA CARA THERA. CENX CENTURY ALUMINUM, GS GOLDMAN SACHS, LUV SOUTHWEST AIR, & MS MORGAN STANLEY. We will email when they are ready.
SELLS
EXIT DIA DOW 30 FUND, if it is going to Close Below your Buy Price, or $209.15.
EXIT SN SANCHEZ ENERGY if it is going to Close below Support of $9.78. (Short Term Portfolio only).