Markets are mixed today, as the Techs are up and Oil is lower.
The DOW Index is currently holding up the best. Bonds are seeing weakness… Somebody is wrong!
The BioTechs have broken out this week.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY: NONE TODAY
Money Wave Buy Signals soon: BBY BEST BUY CO. & CENX CENTURY ALUMINUM. 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).
SELLS TODAY:
EXIT JD JD.com INC. today on the Close for an 8% Gain, or have a Tight Sell Stop Loss under it.
LOWER the Sell Stop Loss on BBRY BLACKBERRY back down to Support of $10.34, as the Relative Strength is holding up well.
EXIT LL LUMBER LIQUIDATORS if it is going to Close below your Buy Price, or $26.45.
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.
Since I missed the buy on BBRY and LRCX yesterday I’m wondering if I should buy today since they haven’t changed much?
Sure, as long as you EXIT if they are going to CLOSE below Support…