Markets CLOSE at 1:00pm EDT today!
Markets popped up today, but the Techs are still weak, and trying to hold above the June Lows.
The DOW Index holding up the best.
S&P 500 has bounced at the Red Line (50-day avg.) and must make New Highs soon for the rally to continue.
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:
BA BOEING CORP Money Wave Buy today. We will not log, as BA is Way Above the Green Line.
Today has a large Watch List listed above for Money Wave Buys next week.
Money Wave Buy Signals soon: 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:
LOWER SELL STOP LOSS again on NVDA NVIDIA CORP to $137.62, as Relative Strength is still 98, and it is still above the Red Line.
EXIT SMH SEMICONDUCTOR FUND if it is going to Close Support of $81.18.
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.
I would like to say “thank you” for all your guidance. I have been following your buy and sell signals for the last 2 months and will be donating some of the profits to an animal charity.
Here is my question – What to do with my SMH position? Based on holding EA and NVDA, I held on to my SMH position instead of being stopped out. If I followed the rules, should i have sold on the close the other day. So far it worked out. But please clarify the current status of the SMH position.
Thanks again. Love the site!
Thanks Spunky… Stay with the Strongest Leaders, and the odds are on your side!
Good trading, and tell your friends.