Markets “Gapped Up” today on panic buying of IBM and other DOW Stocks. The NASDAQ is mixed, and the S&P is only up 0.17% today.
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 up today at $52.03 / barrel.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
ECYT ENDOCYTE INC. Money Wave Buy today. We will not log ECYT, as it is already up 10%.
ABEO ABEONA THERA. Money Wave Buy today. We will not log ABEO , as it is 11% above Support of $15.75.
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.
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.