Markets were down again today, as the Herd is finally losing confidence and taking some profits. This is the kind of BAD NEWS we have been waiting for, to relieve some of the Over-Bought Markets, and set up for better trades.
The big DOW Leaders are holding up fine, but the weaker investments like the Small Caps are getting hit.
Now some of the Strongest Leaders were returning to their Green Zones for Money Wave Buys soon.
Please be patient and WAIT for Money Wave Buy Signals.
Crude Oil is down today around $48.60 / barrel.
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: NONE TODAY
Money Wave Buys soon for: AAOI APPLIED OPTO, CC CHEMOURS CO. NFLX NETFLIX INC, SGMS SCIENTIFIC GAMES, SHOP SHOPIFY INC, VRTX VERTEX PHARM. & W WAYFAIR INC. We will email you when they are ready. Click on WatchList
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).
EXIT XBI BIOTECH FUND if it is going to Close below your Buy Price, or $76.83.
EXIT EWP SPAIN FUND if it is going to Close below the Pink Line around $34.32.
LOWER the Sell Stop Loss on EWW MEXICO FUND to today’s Low of $55.47.
EXIT NVCR NOVACURE LTD if it is going to Close below your Buy Price, or $19.10.
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. We will “Not Log” trades if the Reward/Risk is not at least 2:1.