Markets “Gapped Up” this morning, but needed to correct some of the 800 point DOW Rally from yesterday’s Low . Maybe a Higher Low today would be “Bullish”. Selling should be getting “Washed Out”. The HERD that bought at the Highs in September is selling at a loss on Bad News.
The decline is getting over-sold and many Leaders are back down in the Green Zones (probably too late to Sell for the Short Term).
FEAR is high, which is usually a good Buy point soon.
Crude Oil was up $0.70 today at $51.70.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
ESRX EXPRESS SCRIPTS Money Wave Buy today. Target is $102.00. Place Sell Stop Loss below Support of $94.55 on the Close.
Money Wave Buys Signals Soon:
AMD ADVANCED MICRO 2nd Buy soon /strong>
CROX CROCS, INC.
FNSR FINISAR CORP.
I INTELSAT GLOBAL
SBUX STARBUCKS, CORP. Money Wave must Close in the Green Zone.
XLNX XILINT, INC. 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).
LOWER the Sell Stop Loss on ROKU ROKU, INC. to $34.00 on the Close until it bottoms.
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.