Markets were up today as the Indices are trying to Close above the Pink Lines (10-day avgs.) to bring in more buying. Most are waiting for the Markets to show more strength, as many weaker Investments have dropped as if a Slow Down is coming.
The stronger NASDAQ 100 and Small Caps are having decent gains today.
Crude Oil was down today at $73.00.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
WLL WHITING PETE. (2nd Buy) Money Wave Buy today. Place Sell Stop Loss below recent Support of $49.80 on the Close.
Money Wave Buys soon for:
KSS KOHLS CORP. Money Wave must Close in the Green Zone
RL POLO RALPH LOREN Relative Strength is Below 90.
TRXC TRANSENTERIX, INC.
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).
GRUB GRUBHUB, INC. was Stopped Out at $105.33 on Tuesday when the Market dumped out near the Close.
EXIT EC ECOPETROL SA if it is going to Close below the Pink Line around $19.97. 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.