The Markets were higher today after Friday’s big rally, but closed weaker. There was some better buying on the weaker stocks, as the bargain hunters were feeling more confident.
We have RAISED the Sell Stop Losses on many positions, as the DOW Index has already rallied 1950 points off the Lows. PORTFOLIO
Longer term the Markets are Over-Sold and should return back up towards the Green Line after backing and filling.
Crude Oil was up $0.75 today at $48.70.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
KDP KEURIG DR. PEPPER Medium Term Buy today. Target is $28.50. Place Sell Stop Loss below Support of $24.37 on the Close.
Money Wave Buys Signals Soon:
FNSR FINISAR CORP.
RWM INVERSE SMALL CAP FUND
VXX VIX VOLATILITY FUND
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 Way Above the Green Lines (all Investments eventually return to their Green Lines).
EXIT CIEN CIENA CORP. on the Close today, or have a tight Sell Stop Loss below it to capture a 10% Gain.
EXIT LLY ELI LILLY on the Close today, or have a tight Sell Stop Loss below it.
EXIT PFE PFIZER, INC. on the Close today, or have a tight Sell Stop Loss below it.
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.