Markets are down today, as the S&P 500 broke below the Pink Line (10-day avg.) of 2583 to create a Short Term Sell Signal. The Leading Tech Stocks were able to bounce off the Pink Line today, and should re-test the Highs soon.
Be patient and WAIT for the Leaders to return back down to their Green Zone for Money Wave Buys..
Crude Oil is down today at $57.10/ barrel.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
FBR FIBRIA CELULOSE Money Wave Buy today. We will not log FBR, as it is already up 5% today.
OSTK OVERSTOCK.COM Money Wave Buy today. We will not log OSTK, as it is already up 25% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for ABEO ABEONA THERA. & TRXC TRANSENTERIX. 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).
EXIT BABA ALIBABA GROUP if it is going to Close below the Pink Line around $184.30.
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.
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