Markets “Gapped Up” today as the Leading Techs and Semiconductors bounced from being Over-Sold. The S&P 500 was also able to hold Above the Pink Line (10-day avg.) around 2435, to avoid a Short Term Sell Signal.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BABA ALIBABA GROUP Money Wave Buy today. We will not log BABA, as it is already up 3% and is Way Above the Green Line.
BBRY BLACKBERRY INC Money Wave Buy today. Sell Stop Loss at $10.34 (Close Below).
LL LUMBER LIQUIDATORS Money Wave Buy today. We will not log LL, as it is already up 6% 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 FBR FIBRIA CELLULOSE if it is going to Close Below your Buy Price, or $11.28.
SGMO SANGAMO THERA. is up 6% today (10% net).
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.