Markets were up as the Indices went back up to the Red Lines (50-day avgs.) Many of the Leaders are now back up in the Red Zones (probably too late to Buy for the Short Term)… Markets could stall or pull back some for a while.
A rally back up to the Highs would require the Markets to get back above the Red Lines (50-day avgs).
Crude Oil up again today at $66.40.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
M MACY’S , INC. Money Wave Buy today. Place Sell Stop Loss below Support of $27.94 on the Close.
Money Wave Buys soon for:
CROX CROCS, INC.
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click on Watch List.
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).
LOWER the Sell Stop Loss on SGH SMART GLOBAL HOLDINGS to today’s Low of $41.25 on the Close.
Please Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
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.
Leave a Reply
You must be logged in to post a comment.