The Markets are squirting up again, as the buying frenzy should Climax soon. It is amazing that the Indices are on Highs, as only the Semis, Techs & Financials seem to be Leading and making much progress. Most of the Leading Funds are in the Red Zones (probably too late to Buy for the Short Term).
The Reward / Risk ratio of investing now is poor, so please do not Buy unless you are VERY NIMBLE, as the Leaders are still Way Above the Green Lines.
The NASDAQ 100 is the Strongest Index for the month of February. When the Markets will finally correct, there should be a good trade on QQQ near the Red Line.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
NVDA NVIDIA CORP Money Wave Buy today. We will not log, as NVDA is Way Above the Green Line.
ON DECK to Buy soon: ARRY ARRAY BIOPHARM SN SANCHEZ ENERGY, WDC WESTERN DIGITAL & URA URANIUM FUND. We will email when they are ready.
SELLS
EXIT STM ST MICRO on the Close, or have a very tight Sell Stop Loss on it.
Click for WATCH LIST
Click for OPEN POSITIONS
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.
About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buy orders.
Is FCX on watch list?
Thanks, Charles
I need to check the Relative Strength on IBD.
I think it dropped Below 90.
I suspect that too(under 90).
Sorry for the delay… FCX is down to 75 R S in IBD.