Markets were down today on mild selling as stocks were over-bought for the Short Term. Markets could stall or pull back some for a while. Most of the Indices are now Above the Red Lines (50-day avgs.) which normally means a re-test of the January Highs in a few weeks
Many of the Leaders are now back up in the Red Zones (probably too late to Buy for the Short Term)… Please be patient and WAIT for Green Zones Buys.
Crude Oil down today at $68.25.
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The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY
Money Wave Buys soon for:
CROX CROCS, INC. Money Wave must Close in the Green Zone
GES GUESS? 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).
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SELLS TODAY
EXIT HPE HEWLETT PACKARD if it is going to Close Below the Pink Line around $17.32.
LOWER the Sell Stop Loss on MU MICRON TECH to yesterday’s Low of $50.68.
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.
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