The Markets are up again today as the S&P 500 is near the 2405 Resistance, on lower Volume. Most Funds are back up in the Red Zones (probably too late to Buy for the Short Term). The Strongest Indices (Naz 100, Semis & Techs), are back up at the recent Highs. 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 LL 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: AZN ASTRAZENECA PLC Money Wave Buy today. We will not log this trade, as AZN is Way Above the Green Line.
We will Buy MDXG MIMEDX GROUP under $13 tomorrow, with a Sell Stop at $12.60 on the Close. Yesterday MDXG bounced 7.7% off the Lows ($12.60 Support), and should go down once again.
SELLS TODAY: EXIT VIAV VIAVI SOLUTIONS if it is going to Close below your Buy Price, or $11.38.
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.