Markets were up slightly again today as the rally continued from last Thursday’s low. So far the Money Wave Pops have been weak, and many Leaders are back up in the Red Zones (probably too late to Buy for the Short Term.
Indices like QQQ (Nasdaq 100) XLK (Tech Fund) and FDN (Internet Fund) need to make New Highs soon for the Markets to remain healthy.
If you are a nimble Investor, please be prepared to Raise Cash if this rally cannot make New Highs soon.
The Markets might need to correct down more to bring in GOOD BUYING. Volume has been low on this bounce.
Please be patient and WAIT over-sold opportunities!
Crude Oil was up today at $68.90.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
ACXM ACXIOM CORP. Money Wave Buy today. This trade will not be logged, as ACXM is doing below average Volume today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
MPC MARATHON PETE. Money Wave must Close in the Green Zone.
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).
SELLS TODAY NONE TODAY
Please check the PORTFOLIO PAGE to see that most Sell Stop Losses have been tightened up, as most Positions are already in the Yellow or Red Zones.
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.