The Markets are down slightly today, trying to fill the “GAP UP” from yesterday’s panic buying. The Indices are Above the Pink Lines (10-day avgs.) which avoids Short Term Sell Signals.
The NASDAQ 100 is currently the Strongest major Index. When the NASDAQ 100 returns down near it’s Red Line, there should be a decent trade back up to the Highs.
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.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
NONE TODAY
ON DECK to Buy soon: CLF CLIFFS NAT’L RES. EWZ BRAZIL FUND. PIP PHARM ATHENE. We will email when they are ready.
SELLS
EXIT SN SANCHEZ ENERGY If it is going to Close Below your Buy Price, or $11.76 (for Short Term Portfolio only).
EXIT VALE VALE DEL RIO If it is going to Close Below your Buy Price, or $10.17.
EXIT XME METALS & MINING FUND If it is going to Close Below your Buy Price, or $32.12.
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.
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