Markets were down today on profit taking from an Over Bought Market. Most of the Leaders were back up in the Red Zones (probably too late to Buy for the Short Term).
Please be patient and WAIT for the Leaders to return back down to their Green Zones, for more Money Wave Buy Signals.
Crude Oil dumped $3.55 on OPEC news and is $70.65.
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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:
ASNA ASCENA RETAIL GROUP
KSS KOHLS CORP. Money Wave must Close in the Green Zone.
P PANDORA MEDIA Money Wave must Close in the Green Zone.
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).
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SELLS TODAY
LOWER the Sell Stop Loss on DK DELEK US HOLDINGS to $45.91 on the Close, as the Relative Strength is still 94 at IBD.
EXIT WLL WHITING PETE. if it is going to Close below the Pink Line around $52.51.
EXIT XRT RETAIL FUND if it is going to Close below the Pink Line around $49.18.
EXIT EC ECOPETROL SA if it is going to Close below the Pink Line around $20.42. This trade was not logged.
EXIT MOMO MOMO, INC. if it is going to Close below the Pink Line around $44.61. This trade was not logged.
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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