It is amazing how the Major Indices are on Highs, and very few individual Stocks are. The DOW and S&P 500 were able to bounce near their Pink Lines (10-day avgs) yesterday and rally today.
Most Leading Investments are in the Red Zone (probably too late to Buy for the Short Term). Please have Sell Stops below recent Short Term purchases.
When the Markets pull-back, try to Buy Investments that recently made new Highs.
Crude Oil is up today at $57.30.
_____________________________________________________________________________________
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
TRXC TRANSENTERIX INC. Money Wave Buy today for the Short Term Portfolio (2nd Buy). Place Sell Stop Loss Below today’s Support of $1.81 on the Close.
Money Wave Buys soon:
DG DOLLAR GENERAL
GRPN GROUPON INC.
JUNO JUNO THERA. INC 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
EXIT MNKD MANNKIND CORP. if it is going to Close Below Support of $2.78.
EXIT MRVL MARVELL TECH if it is going to Close Below Support of $21.60.
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.
HAVE A NICE WEEKEND!
Leave a Reply
You must be logged in to post a comment.