Markets were mixed today after trying to rally on the opening. Many Indices are returning to their Green Zones for Money Wave Buys soon. The WATCH LIST has grown as many Leaders have returned to their Green Zones for Money Wave Buy Signals soon.
The S&P 500 is holding above the January Support of 2872, and is becoming 0ver-sold on the short term. The Markets should bounce up soon, to re-test the recent Highs.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
XLK TECH FUND Money Wave Buy today. Target is $76.25. Place Sell Stop below the recent Support of $73.25 on the Close.
XLY CONSUMER FUND Money Wave Buy today. XLY will not be logged as it is Way Above the Green Line.
TEAM ATLASSIAN CORP. Money Wave Buy today. TEAM will not be logged as the Volume is below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys soon for:
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click on Watch List.
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
Please Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
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.