Markets were up slightly today as the Leaders are still holding above their Pink Lines (10-day avgs.) to avoid Short Term Sell Signals. The Small Caps were the only major Index that was down.
The Strongest Leaders are back up in the Red Zones (probably too late to Buy for the Short Term), so Short Term Traders should be raising Cash soon. In the current rally up, the Market advances have been narrow.
Crude Oil was up today at $66.15.
Please be patient, and WAIT for the Leading Investments to return to the Green Zones for more Money Wave Buy Signals.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
VLO Valero Energy Money Wave Buy today. Place Sell Stop Loss below recent Support of $117.65 on the Close.
Money Wave Buys soon for:
HRTX HERON THERA. Money Wave must Close in the Green Zone.
I INTELSAT GLOBAL Money Wave must Close in the Green Zone.
OKTA OKTA 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).
EXIT ETFC E*TRADE FINANCIAL if it is going to Close below the Pink Line around $64.34.
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.