Markets are mixed today, as they are over-bought, but there are still no Sellers. The Tech Stocks are down slightly, and could be Reversing.
The S&P 500 is still Above the Pink Line (10-day avg.) of 2571 to avoid a Short Term Sell Signal.
Be patient and WAIT for the Leaders to return back down to their Green Zone for Money Wave Buys..
Crude Oil is up today at $54.62/ barrel.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BITA BITAUTO HOLDINGS Money Wave Buy today. Place Sell Stop Loss below Support of $44.35 on the Close.
Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are still Way Above the Green Lines (all Investments eventually return to their Green Lines).
SELLS TODAY NONE TODAY
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. We will “Not Log” trades if the Reward/Risk is not at least 2:1.