Markets are up slightly again today, as the BioTechs and Semiconductors are trying to bounce up from Over-Sold levels. There is not much Buying so far. Most Indices are up at Resistance.
Please be patient and WAIT for a bigger pull -back, and then follow Money Wave Buy Signals.
Crude Oil is down today around $49.35 / 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:
LRCX LAM RESEARCH Money Wave Buy today. We will not log, as LRCX is already up 3.6% today and Volume is not great.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for: EXEL EXELIXIS Inc, NFLX NETFLIX INC, NVCR NOVACURE LTD & RH RESTORATION HARDWARE. 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:
If you bought WTW WEIGHT WATCHERS on Friday, please place a Sell Stop Loss right below where you bought it (Don’t Take a Loss!) . Don’t wait for a Close below… WTW is very over-bought after big POP on Friday’s Earnings, and has a Gap to fill.
Click for 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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