Markets are down slightly again today, but are still holding above the Pink Lines (10-day avgs.), to avoid Short Term Sell Signals. Financials & BioTechs might close Below the Pink Lines today.
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.
Be patient and WAIT for the Leaders back down to their Green Zone for Money Wave Buys..
Crude Oil is down today at $50.65 / 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 NONE TODAY
Money Wave Buys soon for ECYT ENDOCYTE INC. 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).
EXIT EWI ITALY FUND if it is going to Close Below your Buy Price, or $31.06.
EXIT VRTX VERTEX PHARM. if it is going to Close Below the Pink Line around $153.49.
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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