Markets are up slightly today with the Techs moving back up. There are several Money Wave Buys today … The DOW, S&P 500 and Small Caps are trying to bounce off their Pink Lines (10-day avgs.).
Try to Buy Investments that recently made new Highs on these pull-backs.
Crude Oil is up today at $56.65.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BOTZ ROBOT FUND Money Wave Buy today. Place Sell Stop Loss at $23.10 on the Close.
MCHI CHINA FUND Money Wave Buy today. We will not log MCHI, as it is Below the Red Line.
MRVL MARVELL TECH Money Wave Buy today. Place Sell Stop Loss at $21.60 on the Close.
NRG NRG ENERGY Money Wave Buy today. Place Sell Stop Loss at $27.05 on the Close.
OSTK OVERSTOCK.COM Money Wave Buy today. We will not log OSTK, as it is already up over 5% today.
SMH SEMICONDUCTOR FUND Money Wave Buy today. We will not log SMH, as it is Below the Red Line.
YY YY INC. Money Wave Buy today. We will not log YY, as it is already up over 8% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Please wait for more Money Wave Buys soon.
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).
MU MICRON TECH Exit 0n the Close today, or Raise the Sell Stop Loss to where you bought it, or $51.47. MU might FAIL near the Pink Line.
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.