The Markets popped up today, as many Leaders were in the Green Zones, and the Watch List was loaded. The Indices have been holding up very well, even with Crude Oil dropping below $49. Looks like the DOW wants to try the Highs again.
Many are waiting on probable FED RAISE next Wednesday. Commodities have dumped with the Rising US Dollar, but the Dollar should take profits on the FED News.
The Reward / Risk ratio of investing now is poor, so please do not Buy unless you are VERY NIMBLE, as the Leaders are still Way Above the Green Lines.
Many Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BUYS: DIA DOW 30 FUND Money Wave Buy today. We will not Log, as DIA is Way Above the Green Line.
SN SANCHEZ ENERGY Money Wave Buy today.
ON DECK to Buy soon: AKS AK STEEL , ARNC ARCONIC INC, CENX CENTURY ALUMINUM, CLF CLIFFS NAT’L RES. CSX CSX CORP, FCAU FIAT CHRYSLER, JPM JP MORGAN, KRE BANKING INDEX, LUV SOUTHWEST AIR, VALE VALE DE RIO, X US STEEL, XME METALS & MINING FUND. We will email when they are ready.
EXIT ARRY ARRY BIO. if it is going to Close Below the Pink Line of $11.52.
EXIT PIP PHARMATHENE if it is going to Close Below your Buy price, or $0.88.
Click for WATCH LIST
Click for 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.
About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buy orders.