Markets are down slightly again today, as the Strongest Leaders are back up in the Red Zones (probably too late to Buy for the Short Term). BioTechs and Semiconductors have bounced about 1/2 way back up to their Highs. There is not much Buying so far.
Please be patient and WAIT for a bigger pull -back, and then follow Money Wave Buy Signals.
Crude Oil is down today around $49.10 / 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:
NVCR NOVACURE LTD Money Wave Buy today. We will not log, as NVCR is already up 4.9% today and the Volume is not great.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for: AAOI APPLIED OPTO, NFLX NETFLIX INC, & 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:
EXIT VRTX VERTEX PHARM. if it is going to Close below your Buy Price, or $157.55.
EXIT ESPR ESPERION THERA. on the Close today (+ 19%), or have a tight Sell Stop Loss below it.
EXIT LRCX LAM RESEARCH if it is going to Close below your Buy Price, or $155.84.
EXIT WTW WEIGHT WATCHERS on the Close today, or have a tight Sell Stop Loss below it.
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.
I dont understand ‘Options’ and their implications. Are they dangerous or worrisome?
https://marketchameleon.com/Overview/RH/OptionChain/
Investors that “BUY” options usually lose on about 70% of their trades, because of time decay,
Investors that “SELL” covered call options win about 70% because of time decay.
Selling covered call options on Leaders when they get in the Red
Zone could improve your income from Investments:
http://www.investopedia.com/articles/optioninvestor/08/covered-call.asp