Markets are mixed today, after many Money Wave Buy signals kicked in yesterday to cause a rally. So far the bounces have not been very good, because the decline down was small. The Strongest did not make it down into the Green Zones for Money Wave Buys…
The Strongest Leaders are already back up near the Highs, so be careful Buying.
Try to Buy Investments that recently made new Highs on pull-backs to the Green Zones. These usually will bounce the quickest.
Crude Oil is down slightly today at $62.55.
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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:
DE DEERE & CO. Relative Strength is Below 90. Breaks the Rules.
EWZ BRAZIL FUND
SRNE SORRENTO THERA.
WTW WEIGHT WATCHERS
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
EXIT OSTK OVERSTOCK.COM if it is going to Close Below your Buy Price, or $60.55.
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.