Markets “Gapped Up” again this morning, pulled back some but it looks like it will be an up day today. The S&P 500 needs to Close above 2709 to pull in more Buyers.
Selling should be getting “Washed Out”. The HERD that bought at the Highs in September has sold at a loss on Bad News.
Many Leaders are coming out of the Green Zones for Money Wave Buys.
Crude Oil was down $0.55 today at $51.15.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
AMD ADVANCED MICRO 2nd Money Wave Buy today. Target is $24.00. Place Sell Stop Loss below Support of $19.17 on the Close.
CROX CROCS, INC. Money Wave Buy today. Target is $30.00. Place Sell Stop Loss below Support of $24.65 on the Close.
FNSR FINISAR CORP. Money Wave Buy today. FNSR will not be logged, as the Volume is below average.
I INTELSAT GLOBAL Money Wave Buy today. I will not be logged, as it is already up 5% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon:
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).
SELLS TODAY NONE TODAY
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.