Markets were mixed again today, but a few DOW stocks are masking the weakness and selling. Many stocks are down today.
When the Markets quit popping up from good Earnings, a pull-back will normally begin. The S&P 500 has Support at the Pink Line of 2808 (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 down today at $65.40.
_____________________________________________________________________________________
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
FLSR FIRST SOLAR INC. Money Wave today. We will not log FLSR, as the Markets are Way Above the Green Line.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
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).
______________________________________________________________________________________
SELLS TODAY
EXIT BB BLACKBERRY LTD. if it is going to Close below Support of $13.14.
EXIT KBH K B HOME if it is going to Close below Support of $34.11.
EXIT NTAP NETWORK APPLIANCE if it is going to Close below the Pink Line around $62.97.
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.
Leave a Reply
You must be logged in to post a comment.