The Markets are lower today as the Financials & Steel Groups are lower from profit-taking. Markets are now OverSold on the Short Term, and the Indices are down near the Red Lines (50-day avg.). Normally they will try to bounce soon, and re-test the recent Highs.
Many Leaders are back down in the Green Zones, for Buy Signals soon. The Leaders that hold Above the Red Lines usually Pop the best.
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.
CENX CENTURY ALUMINUM Money Wave Buy today.
LUK LEUCADIA NAT’L. Money Wave Buy today.
NFLX NETFLIX INC. Money Wave Buy today. We will not log this trade.
VALE VALE DE RIO Money Wave Buy today.
SELLS: NONE TODAY
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.
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.