HAPPY THANKSGIVING TOMORROW. Markets will be closed on Thursday.
Markets are mixed ” today on low pre-Holiday Volume. The Home Building Chart above is Way Above the Green Line, but it should dip back to down near the Red Line in a few weeks, for a trade.
Most Indices made Higher Highs yesterday. Markets are generally up on Holiday weeks, as the Institutions are away. Avoid Investments that are not making new Highs.
The Tech Stocks and the DOW are currently the Strongest Indices to Buy on Pull-backs.
Be patient and WAIT for the Leaders to return to their Green Zone for Money Wave Buys..
Crude Oil is up today at $58.00/ barrel.
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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 Buys soon for INTC INTEL CORP. & TRXC TRANSENTERIX INC. We will email you when they are ready. Click on WatchList
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).
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SELLS TODAY
EXIT WTW WEIGHT WATCHERS if it is going to Close below your Buy Price, or $44.34.
Please Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
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.
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