Markets continue to “Melt Up” on Good News and panic Buying. The Strongest Indices bounced up off the Pink Lines yesterday (10-day avgs.) and made Higher Highs today. The BioTechs are still weak, but are in the Green Zone.
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 $51.90 / barrel.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
PLUG PLUG POWER INC. Money Wave Buy today. We will not log PLUG, as it is already up 6% today.
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 ABEO ABEONA THERA. on the Close today, or have a tight Sell Stop Loss on it to preserve a 9% Gain if you bought it.
EXIT WTW WEIGHT WATCHERS if it is going to Close Below the Pink Line around $46.05.
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.
HAVE A NICE WEEKEND!