Markets were mixed today, but are going sideways which normally means another burp higher on Friday or so. Most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term). Recent Money Wave Pops have been weak, indicating an over-bought Market.
Indices like QQQ (Nasdaq 100) XLK (Tech Fund) and FDN (Internet Fund) need to make New Highs soon for the Markets to remain healthy.
Please be patient and WAIT over-sold opportunities!
Crude Oil was down today at $66.85.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY
Money Wave Buys soon for:
NIHD NII HOLDINGS
NOV NAT’L. OILWELL VARCO
ZGNX ZOGENIX, INC.
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).
EXIT LULU LULULEMON ATHLETICA on the Close today to capture a 6.5% Gain, or have a tight Sell Stop Loss below it.
EXIT FOXA 21st CENTURY FOX if it is going to Close below your Buy Price, or $45.38.
EXIT WTI W&T OFFSHORE if it is going to Close below Support of $6.52. This trade was not logged.
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.