Markets were mixed and sluggish today. The Leaders are back down to their Green Zones, for Money Wave Buys soon. APPLE, INC. was up 5% today on good Earnings, and finally has Relative Strength above 90 again. Currently AAPL is over-bought and Smart Money should be taking Short Term profits soon.
Please be patient and WAIT for the Leaders to bounce out of the Green Zones, for more Money Wave Buy Signals.
Crude Oil was down again today at $67.80.
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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
LULU LULULEMON ATHLETICA. Money Wave Buy today. Place Sell Stop Loss below Support of $117.65 on the Close.
QQQ NASDAQ 100 FUND Money Wave Buy today. Place Sell Stop Loss below Support of $174.27 on the Close.
XLK TECH FUND Money Wave Buy today. Place Sell Stop Loss below Support of $70.32 on the Close.
Money Wave Buys soon for:
ACXM ACXIOM CORP.
FDN INTERNET FUND
MSFT MICROSOFT CORP.
NTAP NETWORK APPLIANCE Money Wave must Close in the Green Zone.
WTI W&T OFFSHORE
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 USO US OIL FUND if it is going to Close below the Pink Line around $14.27.
LOWER the Sell Stop Loss on WLL WHITING PETE. to today’s Low of $44.08. Relative Strength is still 97, and we will try to EXIT around $48.
EXIT M MACY’S INC. if it is going to Close below the Pink Line around $39.42. This trade was not logged
EXIT UAA UNDER ARMOUR if it is going to Close Below the Green Line of $19.45. This trade was not logged.
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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