Markets are mixed today, as there is little follow thru of buying after the S&P 500 was able to make New Highs today on Friday. The June High of 2453 was exceeded by about 10 points.
The Tech Stocks are mostly in the Red Zones (probably too late to Buy for the Short Term), and have very few New Highs today.
Crude Oil is holding around $46.15 / barrel.
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
We will hold off on Buy of LL LUMBER LIQUIDATORS in the Long Term Portfolio, as the Markets are on Highs, and LL is already up 5% today… Maybe later this week.
Money Wave Buys soon for: IMGN IMMUNOGEN 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).
SELLS TODAY: NONE TODAY
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. We will not log trades if the Reward/Risk is not at least 2:1.