Markets were down today, as many Leaders slipped below their Pink Lines (10-day avgs) to create short term Sell Signals. Most of the Leaders were back up in the Red Zones (probably too late to Buy for the Short Term).
Please be patient and WAIT for a bigger pull -back, and then follow Money Wave Buy Signals.
Crude Oil is up today around $49.55 / barrel.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
RH RESTORATION HARDWARE Money Wave Buy today. We will not log RH, as the Volume is very 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).
EXIT EWP SPAIN FUND if it is going to Close below the Pink Line around $34.34.
EXIT EWW MEXICO FUND if it is going to Close below Support of $56.00.
EXIT EXTR EXTREME NETWORKS if it is going to Close below the Pink Line around $8.92.
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.