Markets were mixed today on more slow holiday trading. The Markets won’t drop yet, so there are very few Money Wave Buys. (Please WAIT).
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.
When the Markets pull-back, try to Buy Investments that recently made new Highs.
Crude Oil is down today at $59.65.
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 GRPN GROUPON Inc. if it is going to Close Below Support of $5.17.
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.