Markets are mixed again today, as the S&P 500 dipped down to the Pink Line (10-day avg.), and should burp up soon. The S&P, DOW, NYSE & Transport Indices have still not made it back up to the March Highs.
Try to unload investments that you own that are struggling (not making New Highs), so you will have Cash to Buy again in the Green Zones!
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: KBE Banking Fund Money Wave Buy today. We will not log this trade.
CARA CARA THERA. Money Wave Buy today. We will not log this trade.
SELLS TODAY: We will lower the Sell Stop Loss once more on VALE VALE DE RIO to $8.19 Support. The Steel Stocks have been blistered!
EXIT NVDA NVIDIA CORP if it is going to Close Below the Pink Line of $103.87.
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.