Markets were up slightly today on Lower volume. The Leaders are doing fine, but the weaker Investments are not bouncing much.
The NASDAQ 100 Index was able to make New Highs today, but we will Sell the QQQ on the Close to capture a quick Gain. 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 was up today at $70.70.
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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
CRC CALIFORNIA RESOURCES
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
EXIT QQQ NASDAQ 100 FUND on the Close today, or have a tight Sell Stop Below it to capture a 4.5% Gain.
LOWER the Sell Stop Loss on UAA UNDER ARMOUR to the Red Line of $21.37 on the Close.
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!
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