Markets were mixed today, as the Tech stocks were weak. The Indices are curving up on the excitement of Earnings. When the Markets quit popping on good Earnings, a pull-back will normally begin. The S&P 500 has Support at the Pink Line of 2800 (10-day avg.).
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 $65.91, a New High.
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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
LIT LITHIUM FUND Money Wave today. Place Sell Stop Loss below Support of $37.87.
KBH K B HOME Money Wave today. We will not log KB, as the Volume is Below average.
WATT ENERGOUS CORP. Money Wave today. We will not log WATT, as it is already up 14% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
FLSR FIRST SOLAR INC.
TECK TECK RESOURCES
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).
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SELLS TODAY
EXIT NTAP NETWORK APPLIANCE if it is going to Close below the Pink Line around $62.75.
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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– LIT