The Markets are up slightly today on low Volume, as the Strongest Indices (Naz 100, Semis & Techs), are back up near the recent Highs. As the NAZ 100 has rallied back up (see Chart above), the Volume has dried up (normally Bearish). Failing to make New Highs should cause selling.
Rather than Buy every Money Wave Buy Signal, it is usually better to WAIT for the very Strongest Investments that just made fresh new Highs (AAPL DDD EA JD MAR SINA, etc.) to come back down in their Green Zones for Money Wave Buys. THIS WILL HAPPEN…
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: Maybe MDXG MIMEDX GROUP will have Money Wave Buy today (Close > 20). We will not log as MDXG is 7.7% above this morning’s Low (Support).
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.