Markets are creeping higher today, as the strongest Leaders are going back up to re-test the recent the early August Highs. Volume is low on most Investments.
The Leading DOW Index, and the Tech Fund must make New Highs soon, for this rally to continue.
Crude Oil is down again today at $46.05 / barrel. Bonds are High, indicating economic weakness.
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:
MDXG MIMEDX GROUP Money Wave Buy today. We will not log MDXG, as it is already up 3% today.
NRG NRG ENERGY Money Wave Buy today. We will not log NRG, as the Volume is poor.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for: BITA BITAUTO HOLDINGS, CHGG CHEGG INC, & YY YY 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).
SELLS TODAY:
EXIT FGEN FIBROGEN INC. today on the Close if you bought it, or put a tight Sell Stop Loss below it (13% Gain).
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.
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