Markets were down slightly today, as the Techs are tired and Over-Bought. The S&P 500 has Support at the Pink Line of 2716 (10-day avg.).
Yields on the 10-Year Note have popped up more today (2.59% Yield) on Economic Recovery Hopes.
Most Leading Funds are up near the Red Zones. Please wait for the Money Wave Indicators to return to the Green Zones.
When the Markets pull-back, try to Buy Investments that recently made new Highs.
Crude Oil is up today at $63.35 a New High.
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
Money Wave Buys soon for:
AEO AMERICAN EAGLE OUTFITTERS
GCAP GAIN CAPITAL HOLDINGS
IPI INTREPID POTASH
RIOT RIOT BLOCKCHAIN
URBN URBAN OUTFITTERS
Please be patient and wait for Money Wave Buys soon. 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).
EXIT GPS GAP INC. if it is going to Close Below Support of $31.87.
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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