Markets are down slightly today, as Buyers are hesitant to Buy on the Highs and most Leaders are in the Red Zones (probably too late to Buy for the Short Term). Short Term Traders should raise CASH, or have tight Sell Stops in.
Please be patient and WAIT for pull-backs… Last month’s dip in the Markets set up some nice trades.
The NASDAQ 100 is back up near the Highs, but the Volume is average.
Crude Oil is down again today around $45.75 / barrel on OPEC news.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
LITE LUMENTUM Money Wave Buy today. We will not log this trade, as LITE is already up 4% today.
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).
EXIT HRB H & R BLOCK if it is going to Close Below Support of $30.09.
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.
HAVE A NICE WEEKEND!