Markets are up slightly today, as undisciplined Investors don’t have the patience to wait for a pull-back. When the Markets close below the Pink Lines (10-day avgs.), that should create a Short Term Sell Signal.
Most of the Leaders are in the Red Zones (probably too late to Buy for the Short Term), so Short Term Traders should be raising Cash. The Markets seem to be running on upward momentum.
The Semiconductors and BioTechs are the Strongest Sectors to buy, but are both in the Red Zones (probably too late to Buy for the Short Term). The Semis are 20% Above the Green Line! That is how many lose money quick (when it finally returns to the Green Line.)
Be patient and WAIT for the Leaders back down to their Green Zone for Money Wave Buys..
Crude Oil is up today at $50.85 / barrel.
_______________________________________________________________________________________
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
EWI ITALY FUND Money Wave Buy today on the Close. EXIT or have a Sell Stop Loss if it is going to Close Below $30.65 Support.
Money Wave Buys soon for FOLD AMICUS THERA. and IMMU IMMUNOMEDICS 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).
________________________________________________________________________________________
SELLS TODAY
EXIT KTOS KRATOS DEFENSE if it is going to Close Below the Pink Line around $13.36.
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.
Related Post
– IMMU