Markets squirted higher today, as Investors are very optimistic, and the Consumer Confidence is the Highest in 17 years (Internet Bubble). Most Indices are on Highs but are in the Red Zones (probably too late to the Short Term).
WAIT for the Leaders to return to their Green Zone for Money Wave Buys… Try to Buy Investments that recently made new Highs on the next pull-back.
Crude Oil is down today at $58.05/ 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
INTC INTEL CORP. Money Wave Buy today. Place Sell Stop Loss Below $44.27 Support on the Close. (Relative Strength is currently only 88).
Money Wave Buys soon for ON ON SEMICONDUCTOR. 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
TRXC TRANSENTERIX INC. We will LOWER the Sell Stop on TRXC to $2.10, as the Relative Strength is still 99, and the stock is down over 50% from the September High, when Tammy bought on Good News.
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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