Markets are higher today on more “Good News” Buying. The S&P 500 was able to hold Above the Pink Line (10-day avg.) of 2562 to avoid a Short Term Sell Signal.
AMAZON surprised the Street and made $0.52 / share or $250 Million for the quarter. But the Value of AMAZON rose by $61 BILLION! Reminds us of CISCO during the 2000 Internet Bubble.
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.
Be patient and WAIT for the Leaders back down to their Green Zone for Money Wave Buys..
Crude Oil is up today at $53.95/ barrel.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
XBI BIOTECH FUND Money Wave Buy today. Place Sell Stop Loss below Support of $81.30 on the Close.
BABA ALIBABA GROUP Money Wave Buy today. We will not log BABA, as it is already up 3% today.
SGMO SANGAMO THERA. Money Wave Buy today. We will not log SGMO, as the Volume is below average.
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 FCAU FIAT CHRYSLER if it is going to Close below your Buy Price, or $17.45.
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 WEEK END!