Markets are down slightly again today, but not much selling so far. The Leading DOW Index, and the Tech Fund have stalled at the Pink Lines (10-day avgs.) and need to break above those to return to the Highs.
The weaker Investments that fell below their Red Lines are not doing as well. The S&P 500 is trying to Close above its Red Line of 2446.
Try to Buy Investments that can Hold above their Red Lines.
Crude Oil is down today at $47.65 / barrel.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
FSLR FIRST SOLAR INC. Money Wave Buy today. Place Sell Stop Loss below $45.76 on the Close.
CROX CROCS INC. Money Wave Buy today. We will not log CROX, as the Volume is low.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
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).
Lower the Sell Stop Loss on FB FACEBOOK INC. back down to Support of $165.82.
Lower the Sell Stop Loss on VRTX VERTEX PHARM. to the Pink Line around $152.06.
EXIT JD JD.COM if it is going to Close below your Buy Price, or $42.15.
EXIT YY YY INC. if it is going to Close below your Buy Price, or $76.23.
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.