Markets “Gapped Up” today, as buyers came in with the S&P 500 down on the Red Line (50-day avg.) Now it must make New Highs soon for the rally to continue.
The Tech Stocks are bouncing out of the Green Zone.
Bonds have dumped for the last 2 weeks, but are now over-sold on the Short-Term.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
EXTR EXTREME NETWORKS Money Wave Buy today. We will not log EXTR, as the Volume is low today.
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).
We LOWERED the Sell Stop Loss on OMER OMEROS CORP. to $18.63, as the Money Wave is back in the Green Zone, and the Relative Strength is still 98.
EXIT AAOI APPLIED OPTO for a 9% Gain in a week, or have a tight Sell Stop Loss below it.
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!