Markets are re-testing Friday’s Highs today. The DOW Index is up more today as Caterpillar and MMM both “Gapped Up” on good Earnings today The Strongest Indices are holding above the 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.
The BioTechs are in the Green Zone, but no Buy Signal yet.
Be patient and WAIT for the Leaders back down to their Green Zone for Money Wave Buys..
Crude Oil is up slightly today at $52.45/ barrel.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
FCAU FIAT CHRYSLER Money Wave Buy today. We will not log FCAU, as it is already up 6% today.
IPI INTREPID POTASH Money Wave Buy today. We will not log IPI, as it is already up 10% 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).
SELLS TODAY NONE TODAY
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.