The Markets are down slightly today, as the Indices are struggling to stay Above the Pink Lines (10-day avgs.) and avoid 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.
Many 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: AMD ADVANCED MICRO, ARNC ARCONIC INC, CLF CLIFFS NAT’L RES. NFLX NETFLIX INC, NVDA NVIDIA CORP, PIP PHARM ATHENE, SN SANCHEZ ENERGY, TTMI TTM TECH, VALE VALE DE RIO, XME METALS & MINING FUND. We will email when they are ready.
SELLS
EXIT RIO RIO TINTO if it is going to Close below Support of $41.25.
We are LOWERING the Sell Stop on URA again to $15.25, since it is back in the Green Zone for another Money Wave Buy soon. Relative Strength is still 91 (for Short Term Portfolio only).
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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