Markets were down slightly today on slow holiday trading. Money Wave bounces are poor, and the Volume is Low. The major Indices are still holding above their Pink Lines (10-day avgs.) to avoid Short Term Sell Signals. Pajama Boys are in control this week, and love to BUY.
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 again today at $59.90, a New High.
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 NONE TODAY
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 MRVL MARVELL TECH if it is going to Close Below your Buy Price, or $22.00.
EXIT ADMS ADAMAS PHARM. if it is going to Close Below your Buy Price, or $34.27.
EXIT SMH SEMICONDUCTOR FUND if it is going to Close Below your Buy Price, or $98.45.
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.