Markets cannot decide to push up thru Resistance, or Fail today. The S&P 500 is still holding Above the Pink Line (10-day avg.) to avoid a Short Term Sell Signal. The DOW, NYSE & Transport Indices have still not made it back up to the March Highs.
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
Money Wave Buy Signals soon: EXEL EXELIXIS INC. HUN HUNTSMAN GROUP, SCSS SELECT COMFORT, SLM SLM HOLDINGS, TEX TEREX CORP. VRTX VERTEX PHARM. & XBI BIOTECH FUND. We will email you when they are ready. Click on WatchList
SELLS TODAY: EXIT KBE BANKING INDEX if it is going to Close Below your Buy Price, or $43.02.
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.