Markets bounced today after getting very Over-Sold from last week’s selling. Many of the Indices still have steep declines from last week, so Markets could go down once more.
This could be an A-B-C down move towards the Green Line, where the entire move is a Wave 4 down correction… The lower Volume would indicate that.
Crude Oil down today at $65.60.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
CSCO CISCO SYSTEM,INC. Money Wave Buy today. Place Sell Stop Loss below support of $42.42 on the Close.
EW EDWARDS LIFESCIENCES Money Wave Buy today. EW will not be logged, as the Volume is Below Average, and it is already up 3.7%.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
AMZN AMAZON.COM Money Wave Must Close in the Green Zone.
BOTZ ROBOTICS FUND
GBT GLOBAL BLOOD THERA.
M MACY”S INC.
MU MICRON TECH
QQQ NASDAQ 100 FUND
SMH SEMICONDUCTOR FUND Money Wave Must Close in the Green Zone.
XBI BIOTECH FUND Money Wave Must Close in the Green Zone.
XLK TECH FUND
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).
SELLS TODAY NONE TODAY
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.