
The S&P 500 & DOW finally slipped below the Pink Lines (10-day avg.) and some selling came in this morning. The Strongest Leaders (Techs & NASDAQ 100) quickly bounced off the Pink Lines, so the Markets were able to recover most of this morning’s loss. The DOW, NYSE & Transport Indices have still not made it back up to the March 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.
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: PAH PLATFORM SPECIALTY Money Wave Buy today. We will not log, as the Volume is low.
Money Wave Buy Signals soon: CNHI CNH INDUSTRIAL, EWP SPAIN FUND, SAN SANTANDER BANK, SCSS SELECT COMFORT, & XBI BIOTECH FUND. We will email you when they are ready. Click on WatchList
SELLS TODAY: EXIT SLM SLM HOLDINGS if it is going to Close below Support of $11.36.
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 Buys.
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