Markets are mixed again today, as they are over-bought, but there are still no Sellers. The Tech Stocks are up today on good AAPL Earnings.
The S&P 500 is still Above the Pink Line (10-day avg.) of 2573 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 $55.67/ 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
MNKD MANNKIND CORP. Money Wave Buy today. Place Sell Stop Loss below Support of $2.78 on the Close.
Money Wave Buys soon for CROX CROCS 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 NRG NRG ENERGY on the Close today, or have a tight Sell Stop loss on it to preserve a 12% Gain.
EXIT SKX SKETCHERS USA if you bought it, if it is going to Close below Support of $31.69.
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.
HAVE A NICE WEEKEND!
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