Markets are mixed again today, as the DOW is down, but the NASDAQ 100 is up with NFLX Earnings. NFLX is up 14% today with a 200+ P/E Ratio, as the Mutual Funds pile in, and the Shorts get Blown Out.
There is little follow thru of buying after the S&P 500 was able to make New Highs today on Friday. The June High of 2453 was exceeded by about 10 points.
The Tech Stocks are mostly in the Red Zones (probably too late to Buy for the Short Term), and have very few New Highs today.
Crude Oil is up today around $46.42 / barrel.
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: CLVS CLOVIS ONCOLOGY, HRB H&R BLOCK, IMGN IMMUNOGEN INC. KTOS KRATOS DEFENSE, & NVCR NOVACURE. We will email you when they are ready. Click on WatchList
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 ITB HOME BUILDING FUND if it is going to Close Below the Pink Line, or $34.31.
Click for PORTFOLIO (Open Positions)
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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