Markets are up slightly today, as Crude Oil has recovered a little. The S&P 500 is still holding Above the Pink Line (10-day avg.) to avoid a Short Term Sell Signal (see Chart above). 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: ITB HOME BUILDING FUND Money Wave Buy today. We will not log, as ITB is Way Above the Green Line.
PLUG PLUG POWER Money Wave Buy today. We will not log, as PLUG is already up 7% today!
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.
HAVE A NICE WEEKEND!