Markets popped up today, as the Indices recovered some of the losses from Thursday.
The major Indices managed to hold or bounce at the Red Lines (50-day avgs), with the DOW Index holding up the best. The weaker Techs are trying to hold above the June Lows.
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:
AAOI APPLIED OPTO Money Wave Buy today. We will not log, as AAOI is already up 4% today.
SMH SEMICONDUCTOR FUND Money Wave Buy Today. Sell Stop Below $81.18.
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:
EXIT EWP SPAIN FUND if it is going to Close below your Buy Price, or $32.82.
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.
Have a nice weekend!
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