The broad Markets stalled at the March Highs, and most Funds were in the Red Zones (probably too late to Buy for the Short Term), so traders took profits. The Strongest Indices have not come down much (Naz 100, Semis & Techs), but are falling Below the Pink Lines for Short Term Sell Signals. The Strongest Indices should go back up again soon to re-test the recent Highs.
The S&P 500 is down to the Red Line (50-day avg.) and might hold around there… We are looking to Buy Investments that just made fresh new Highs (AAPL DDD EA JD MAR SINA, etc.) and are pulling back down to the Green Zones. It might take a few days for the Money Waves to come down.
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: NONE TODAY.
EXIT EXEL EXELIXIS INC. if it is going to Close Below Support of $21.36.
EXIT AAPL APPLE INC. if it is going to close Below the Pink Line of $152.48.
EXIT CARA CARA THERA if it is going to Close Below your Buy Price, or $15.92.
EXIT DLPH DELPHI AUTO if it is going to Close Below Support of $86.29.
EXIT ITB HOME BUILDING FUND if it is going to close Below the Pink Line of $32.50.
EXIT PAH PLATFORM SPECIALTY if it is going to Close Below your Buy Price, or $13.66.
EXIT SAN SANTANDER BANK if it is going to Close Below your Buy Price, or $6.74.
EXIT VRTX VERTEX PHARM if it is going to Close Below your Buy Price, or $116.63.
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.