Markets were up slightly today, as Longer Term Buyers are getting in, and Short Term Traders are raising CASH. Most of the Leaders up in the Red Zones (probably too late to Buy for the Short Term).
Please be patient, and WAIT for the Leading Investments to return to the Green Zones for more Money Wave Buy Signals.
The Small Cap Index (IWM) was able to make a New High today, but did not push thru.
Crude Oil was up today at $71.10.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY
Money Wave Buys soon for:
M MACY’S INC. Money Wave must Close in the Green Zone.
VIPS VIPSHOP HOLDINGS
GERN GERON CORP. Money Wave must Close in the Green Zone.
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click on Watch List.
Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are still Way Above the Green Lines (all Investments eventually return to their Green Lines).
EXIT ERIC ERICSSON TELEPHONE if it is going to Close below the Pink Line around $7.74. This trade was not logged.
RAISE the Sell Stop Loss on MU MICRON TECH to the Red Line on the Close (now at $50.04) in the Long Term Portfolio.
Please Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
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. We will “Not Log” trades if the Reward/Risk is not at least 2:1.