Markets are up today, but not enough movement this week for much trading. The “Sideways” action means that a bigger move is coming, but we will have to wait to see which direction (up or down).
The major Indices are holding above their Red Lines (50-day avgs.) and waiting for the Markets to relieve the over-bought condition from the recent bounce off the Lows.
We are waiting on the Leaders to come back down from the Red Zones (probably too late to Buy for the Short Term) and return to their Green Zones for Buy Signals. Please be patient, and WAIT.
Try to Buy Investments that recently made new Highs on pull-backs to the Green Zones. These usually will bounce the quickest.
Crude Oil is up today at $63.60.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY
Money Wave Buys soon for:
DE DEERE & CO.
GWW WW GRAINGER, INC.
MNKD MANNKIND CORP.
WTW WEIGHT WATCHERS
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click on Watch List.
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).
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.
HAVE A NICE WEEKEND!