Markets are mixed today with the Techs up slightly, but not enough Buying to trigger many Money Wave Buys today … The DOW, S&P 500 and Small Caps are trying to bounce off their Pink Lines (10-day avgs.) but need some News to create Buying.
Many Techs and Semiconductors are back down in the Green Zones for Buy Signals soon.
Try to Buy Investments that recently made new Highs on these pull-backs.
Crude Oil is down today at $55.90/ barrel.
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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
MU MICRON TECH Money Wave Buy today. MU might go down once more to try $39.50 – $40 gain. Place Sell Stop Loss at $39.07 on the Close.
Money Wave Buys soon for:
BOTZ ROBOT FUND
EXAS EXACT SCIENCES
MCHI CHINA FUND
MRVL MARVELL TECH
OSTK OVERSTOCK.COM
SMH SEMICONDUCTOR FUND
YY YY INC.
We will email you when they are ready. Click on WatchList
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).
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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.
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– SMH