
Markets popped up today after yesterday’s drop. The S&P 500 is still trying to hold Above the Pink Line (10-day avg.) of 2562 to avoid a Short Term Sell Signal.
Most of the Leaders coming down from 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 today at $52.65/ 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
NRG NRG ENERGY Probable Money Wave Buy today (Money Wave must Close > 20). Place Sell Stop Loss Below $24.55 Support, on the Close.
Money Wave Buys soon for BABA ALIBABA GROUP, GLUU GLU MOBILE INC. 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 IMMU IMMUNOMEDICS INC. if it is going to Close below your Buy Price, or $11.17.
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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