Markets “Gapped Up” on the opening, and then went negative for a while today. The Techs were up, buy many have Reversed down today.
The NASDAQ 100 Index is going back up to re-test the mid June Highs, but it is already in the Red Zone.
The S&P 500 is still holding at the Pink Line (10-day avg). Bonds are higher on Economic 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:
TTWO TAKE-TWO INTER. Money Wave Buy today. We will not log, as TTWO Volume is very low.
Money Wave Buy Signals soon: CSX CSX CORP, EA ELECTRONIC ARTS, EPI INDIA FUND, EWP SPAIN FUND & ITB HOME BUILDING FUND. 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 LRCX LAM RESEARCH if it is going to Close Below your Buy Price, or $150.11
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.
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– EWP