The Markets “Gapped Up” today, but the Buying is still not powerful. The major Indices are going back up to re-test the recent Highs, but the Financial & BioTechs are not helping.
Markets Failing to make New Highs soon could cause Selling.
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: MBT MOBILE TELESYSTEM We will not log this trade.
ON DECK to Buy soon: AAOI Applied Optoelectronics, CARA CARA THERA, CLVS CLOVIS ONCOLOGY, IMMU IMMUNOMEDICS INC, & NKTR NEKTAR THERA. Please click on WatchList We will email when they are ready.
SELLS:
EXIT LUK LEUCADIA FINANCIAL on the Close today, or have a Stop Below the Pink Line of $25.99.
EXIT BAC BANK OF AMERICA if it is going to Close Below the Pink Line of $23.38.
EXIT NFLX NETFLIX INC if it is going to Close Below the Pink Line of $145.15.
EXIT XLF FINANCIAL FUND if it is going to Close Below the Pink Line of $23.65.
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.