Markets are up slightly again today, but not many Investments are making New Highs (like the Indices are). Most Indices are holding above the Pink Lines (10-day avgs.) to avoid Short Term Sell Signals.
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 $51.70 / barrel.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
XBI BIOTECH FUND P0ssible Money Wave Buy today. We will not log XBI , as the Volume is low.
ABEO ABEONA THERA. Possible Money Wave Buy today. We will not log ABEO , as it is already up 7%.
IMMU IMMUNOMEDICS INC. Probable Money Wave Buy today. We will not log IMMU, as the Volume is low.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
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 FOLD AMICUS THERA. if it is going to Close Below your Buy Price, or $14.53.
EXIT IPI INTREPID POTASH (Short Term Trade only) if it is going to Close Below your Buy Price, or $4.02.
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.