No news today, and no movement in the Markets. The Markets won’t dip down enough to create Green Zone Buys yet. The Strongest Indices have continued higher today (Naz 100, Semis & Techs), to avoid falling Below the Pink Lines (Short Term Sell Signals). Please be patient and WAIT for Opportunities.
The New York Index & DOW are still struggling to go above the March Resistance. 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: DLPH DELPHI AUTOMOTIVE Money Wave Buy today. We will not log, as DLPH is Way Above the Green Line.
SELLS TODAY: None Today
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.