StockCharts.com is DOWN today, so “real time” Charts might not be available.
Markets are down today, as most Funds were in the Red Zones (probably too late to Buy for the Short Term). Nimble Traders should be raising Cash and WAITING for Green Zone Buys.
The Tech Fund and BioTech Fund made New Highs last week, and are the Leaders that should bounce first.
The Major Indices did not exceed the early August Highs. They need to make New Highs soon, for this rally to continue.
Crude Oil is up again today at $48.70 / 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:
CHGG CHEGG INC Money Wave Buy today. We will not log CHGG, as the Volume is poor.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Be patient and WAIT for Money Wave Buy soon for: 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).
SELLS TODAY:
EXIT NRG NRG ENERGY if it is going to Close below Support of $24.32.
EXIT YY YY INC. if it is going to Close below your Buy Price, or $74.72.
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
– CHGG