Markets “Gapped Up” today, as the DOW Index was holding up very well, and the Techs bounced near the June Lows.
S&P 500 closed below the Pink Line (10-day avg) yesterday to create selling. The target now is the Red Line (50-day avg.) around 2408, where Buyers should come back in.
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:
EA ELECTRONIC ARTS Money Wave Buy today. Sell Stop at $106.74 on the Close.
ITB HOME BUILDING FUND Money Wave Buy today. We will not log, as ITB is Way Above the Green Line.
NVDA NVIDIA CORP. Money Wave Buy today. Sell Stop at $145.75 on the Close.
Money Wave Buy Signals soon: See List Above. 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: NONE TODAY
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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