Money Wave Alert! Oct 23, 2017

 

Markets are mixed today after Friday’s rally. The Strongest Indices are holding above the the Pink Lines (10-day avgs.) to avoid Short Term Sell Signals. The BioTechs are in the Green Zone, but no Buy Signal yet.

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 slightly today at $51.90 / barrel. 

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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     

XBI   BIOTECH FUND   Possible Money Wave Buy today… We will log XBI if the Money Wave can Close > 20. Have a Sell Stop Loss below,  if it is going to Close Below $84.72 Support.

SGMO   SANGAMO THERA.   Possible Money Wave Buy today. We will not log SGMO, as the Volume is about 1/2 of average.

We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

 Money Wave Buys soon for    FCAU   FIAT CHRYSLER,    IPI   INTREPID POTASH,    MNKD   MANNKIND CORP.    SGMO   SANGAMO THERA.   &   XBI   BIOTECH FUND  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).

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SELLS TODAY     

EXIT   ECYT   ENDOCYTE INC.   if it is going to Close below your Buy Price, or $4.91.

EXIT   PLUG   PLUG POWER INC.   if it is going to Close below your Buy Price, or $2.70.

 

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.