We stopped out of most positions yesterday, after the Markets Reversed down on weakness, and FED talk about the UNWINDING of $4.5 TRILLION of Debt. You need to know about this, because for 8 years the FED BOUGHT Bonds to keep rates low, causing Bonds to make a 35 year High. Now the FED is talking about slowly SELLING back the Debt (maybe over 5 years). Long term this could flood the Bond Market with too many Bonds for sale, and Interest Rates could go higher than many expect.
Markets were mixed today on low Volume. The Watch List is growing, as some of the very Strongest have pulled back. Not sure now that the major Indices are still going back up to re-test the recent Highs soon, after yesterday’s Reversal. The Financial & BioTechs are not helping.
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.
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: CARA CARA THERA We will not log, as CARA is already up more than 4%.
ON DECK to Buy soon: Too many to list.. Please click on WatchList We will email when they are ready.
SELLS: EXIT ESPR ESPERION THERA. if it is going to Close Below your Buy Price, or 36.79 .
Please note that EWZ BRAZIL FUND, and URA URANIUM FUND, were both Stopped Out yesterday, on the FED news. The Uranium Fund is back in the Green Zone again, for possible Buy back soon.
Click for 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.
About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buy orders.