Markets are up slightly today, before the results of the FED meeting tomorrow. Don’t forget that soon the FED should begin selling the $4 Trillion of Debt they bought to prop up the Markets after the 2008 Dump.
The Big DOW stocks and the S&P 500 Index making New Highs again. Should be reaching a Short Term Climax soon.
The Semiconductors are the Strongest Sector.
Most of the Indices are back up in the Red Zones (probably too late to Buy for the Short Term). WAIT for Green Zone Buys.
Crude Oil is up today at $49.60 / barrel.
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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
Be patient and WAIT for Money Wave Buy soon for: GRUB GRUBHUB INC, IMGN IMMUNOGEN INC. & VRTX VERTEX PHARM. 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).
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SELLS TODAY
We will change IMGN IMMUNOGEN INC. to Long Term Rules (Stop Below the Green Line) for now, to avoid a possible loss. IMGN is back in the Green Zone for another Money Wave Buy soon, and the Relative Strength is still 94. We will see if it can pop back up around $8.
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
– VRTX