The Leading NAZ 100 is almost back up to Highs!
The Markets are mixed today as the Indices are resting from yesterday’s bounce off of the Red Lines (50-day avg.). Now they should attempt to re-test the recent Highs.
Try to EXIT positions that are not near the recent highs, and ones that are Below the Red Lines.
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 TODAY: NONE TODAY
EXIT LUV SOUTHWEST AIR if it Closes below your Buy Price , or $54.15.
We will EXIT EXEL EXELIXIS INC. on the Close, or have a tight Sell Stop Loss on it.
We will EXIT RF REGIONS FINANCIAL on the Close, or have a tight Sell Stop Loss on it.
We will EXIT VALE VALE DE RIO on the Close, or have a tight Sell Stop Loss on it.
EXIT ADI ANALOG DEVICES if it Closes below your Buy Price , or $82.20.
The Banks and Financials are still under the Red Lines… If you are uncomfortable with these, please exit, as they could go back down to Swing Low soon.
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.