WE will Lower Sell Stop on EWZ and keep.
The Markets are stretching Way Above the Green Lines on low Holiday Volume. The S&P 500 is above the August High of 2194 (now 2210). Be careful here because of the Low Volume, and Holiday trading… Most Leading Funds are near the Red Zones, so be cautious. Please be patient and wait for a Market pull-back, or Money Wave Buy Signals.
There will be a more detailed Weekly Commentary on Saturday.
Money Wave Buy soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
EWZ (Brazil Fund) is going to Close below the purchase price of $33.47 (now at $33.10). Since the Relative Strength is holding up well at 97, we will NOT EXIT EWZ today. We will Change it to a Long Term Buy and lower the Sell Stop temporarily to the Green Line of $30.85, until it has a better bounce. If you are Short Term only, you should EXIT EWZ today.
ON DECK: NONE Please be Patient! Opportunities will come.
WAIT for Money Waves Buys soon coming out of the Green Zones. We will email you when they are ready.
Click for WATCH LIST
Click for STOCKCHARTS LIST
Click for OPEN POSITIONS
Many like to buy the day before, if the Investment has not 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 Buy orders.