Markets were up today after some of the weaker Indices went all the way down to the Green Line. Try to Buy the Strongest Investments that are bouncing up off the Red Lines (50-day avgs.)
The WatchList is loaded with many Investments that are down in the Green Zones (see list below), and normally means a rally soon.
Please be patient, and WAIT for Money Wave Buy Signals.
Crude Oil was up again at $73.25.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
EA ELECTRONIC ARTS Money Wave Buy today. Target is $147. Place Sell Top Loss below recent Support of $137.68 on the Close.
GRUB GRUBHUB INC. Money Wave Buy today. Target is $120. Place Sell Top Loss below recent Support of $101.12 on the Close.
BA BOEING CO. Long Term Buy today. Target is $370. Place Sell Top Loss below the Green Line $296.48 on the Close.
Money Wave Buys soon for:
FDN INTERNET FUND
MOMO MOMO, INC.
QQQ NASDAQ 100 FUND
RL POLO RALPH LOREN
SQ SQUARE INC.
XBI BIOTECH FUND
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click on Watch List.
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
Please Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
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.