The Markets dropped down today as most of the Leaders were back up in the Red Zones. This could still be part of the mild one month Wave 4 down Correction (see Chart above).
The major Indices should go back up to re-test the recent Highs, but last week’s Low of 2322 must hold on this move down.
The Reward / Risk ratio of investing now is poor, so please do not Buy unless you are VERY NIMBLE, as the Leaders are still Way Above the Green Lines.
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: ESPR ESPERION THERA. We will not log, as ESPR is already up 4.7% today.
INCY INCYTE CORP We will not log, as INCY is already up 5.0% today.
EXIT FCAU FIAT CHRYSLER if it is going to Close Below your Buy Price, or $10.81.
EXIT XLF FINANCIAL FUND if it is going to Close Below the Pink Line of $23.63.
Click for 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.
About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buy orders.