Markets were up again today as the strongest Indices closed above the Pink Lines (10-day avgs.) yesterday to bring in more buying. There was better buying today, than earlier this week.
The Small Caps are back up to the Highs, with the other Indices lagging.
Crude Oil was up today at $73.80.
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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:
KSS KOHLS CORP. Money Wave must Close in the Green Zone
TRXC TRANSENTERIX, INC.
UAA UNDER ARMOUR, 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).
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SELLS TODAY
EXIT XBI BIOTECH FUND on the Close today, or have a tight Sell Stop Loss below it to Capture a 5% Gain.
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!