Markets are higher again today, and the Tech Fund and BioTech Fund have been able to make New Highs. The DOW Index and most other Indices are going back up to re-test the early August Highs. They should make New Highs soon, for this rally to continue.
The GREED Index (XIV Chart Above) has Led the Markets all year, but is now 14% off of the July High (BIG WARNING!)
Crude Oil is up today at $47.10 / barrel. Bonds are High, indicating economic weakness.
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:
BITA BITAUTO HOLDINGS Money Wave Buy today. We will not log BITA, as the Volume is Low.
YY YY INC. Money Wave Buy today. We will not log YY, as it is already up 3% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buy soon for: CHGG CHEGG 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:
EXIT FSLR FIRST SOLAR INC. if it is going to Close below the Pink Line of $47.29.
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.
Related Post
– BITA