The Markets are down slightly today, as Crude Oil has dumped over 5%. The Indices are still holding up very well, even with some Indices falling Below the Pink Lines (10-day avgs.) and creating Short Term Sell Signals. Looks like the DOW wants to try the Highs again, soon.
Metals and Oil Investments have had nice pull-backs, on probable FED RAISE next Wednesday!
Money Wave Buys are not POPPING much, as the Markets need a healthier pull-back.
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: AMD ADVANCED MICRO Money Wave Buy today.
ON DECK to Buy soon: AKS AK STEEL , ARNC ARCONIC INC, CENX CENTURY ALUMINUM, CLF CLIFFS NAT’L RES. PIP PHARM ATHENE, SN SANCHEZ ENERGY, VALE VALE DE RIO, X US STEEL, XME METALS & MINING FUND. We will email when they are ready.
WE will LOWER the STOP on EWZ BRAZIL FUND a little to $36.81, as EWZ is trying to HOLD the Red Line (50-day avg.). The Relative Strength is still 96. (For Short Term Portfolio only).
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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.