Markets “Gapped Up” today, as the DOW Index held at the 62% retracement of the decline last week, which is a Bullish sign. Techs are still struggling to find a bottom.
A rally back up to the Highs would require the Markets to get back above the Red Lines (50-day avgs).
Crude Oil up today at $63.35.
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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:
GERN GERON CORP.
SGH SMART GLOBAL HOLDINGS
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
LOWER SELL STOP LOSS on MU MICRON TECH to $47.26 on the Close.
EXIT PBR PETROBRAS SA if it is going to Close Below the Red Line of $13.42.
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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– GERN