Markets were mostly higher today, as the S&P 500 was able to Close at a New High last night. Most of the other Indices are back up to the early August Highs. We will see if they can get thru here.
WAIT for Green Zone Buys.
Crude Oil is up today at $48.25 / barrel.
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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: NONE TODAY
Be patient and WAIT for Money Wave Buy soon for: FOLD AMICUS THERA, GLUU GLU MOBILE INC, KEM KEMET CORP, KTOS KRATOS DEFENSE, & WTW WEIGHT WATCHERS INC. 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).
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SELLS TODAY:
Lower the Sell Stop Loss on IMGN IMMUNOGEN INC. to the Red Line of $6.52 on the Close, as IMGN still has 97 Relative Strength and is Above the Red Line..
EXIT VRTX VERTEX PHARM. if it is going to Close below the Pink Line around $158.12.
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.