The S&P 500 is still trying to hold at the Pink Line (10-day avg). Bonds are seeing weakness…
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
BBY BEST BUY only has 86 Relative Strength, so it does not meet the Rules.
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 BBRY BLACKBERRY on the Close today, or Gamble on Earnings in the morning. Sell Stop for those staying in is back to $10.75.
EXIT VRTX VERTEX PHARM. on the Close, 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.