Markets are lower today on profit taking. The S&P 500 slipped Below the Pink Line (10-day avg.) this morning. Now it is trying to Close above 2561 to avoid a Short Term Sell Signal.
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 down slightly today at $52.20/ 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 NONE TODAY
Money Wave Buys soon for BABA ALIBABA GROUP, GLUU GLU MOBILE INC. MNKD MANNKIND CORP. NFLX NETFLIX INC. NRG NRG ENERGY, 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 FMC FMC CORP. if it is going to Close below the Pink Line around $94.03.
EXIT NVDA NVIDIA CORP. if it is going to Close below the Pink Line around $196.30.
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.
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