Markets were mostly up today after losing the rally from the FED raising the Fed Funds rate 1/4 point.
Leaders are trying to bounce from their Green Zones, for Money Wave Buy Signals soon.
Crude Oil is up today at $65.40.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
QQQ NASDAQ 100 Money Wave Buy today. Place Sell Stop Loss below Support of $165.64 on the Close.
XBI BIOTECH FUND Money Wave Buy today. Place Sell Stop Loss below Support of $90.71 on the Close.
PBR PETROBRAS SA Money Wave Buy today. PBR will not be logged, as it is already up 5% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
SMH SEMICONDUCTOR FUND Money Wave Must Close in the Green Zone.
XLK TECH FUND
X US STEEL CORP. Wait for a Close Above $40.54 for a Medium Term Buy.
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).
LOWER the SELL STOP LOSS on GBT GLOBAL BLOOD THERA. to a Close Below $49.50 (today’s Low).
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.
Please clarify the stop rule reflected in portfolio.
Does the swing low stop applies to intraday low, or just at the close?
Same question regarding ” don’t take a loss” stop.
Thanks for writing!
Sell Stop Losses are based on CLOSING Prices (Closing Below Swing Low or Below Buy Price, or Below Pink Line).
Otherwise, there can be Intra-day flushing out below Support by the Market Makers.
If the Money Wave >50, and the Pop on the Investment is poor, then “Don’t Take a Loss” applies.
This means that you should probably get out where you bought it because the Investment has not YET had a good bottom and could go down again.
You should also follow the Portfolio List for current updates of Sell Stops during the Day.
This link is on each email, and on the Main Menu of the Web site.