Markets “Gapped Up” today, as the Indices are going back up to try the early August Highs. Most of the strongest Leaders held above their Pink Lines (10-day avgs.) to AVOID Short Term Sell Signals. WAIT for Green Zone Buys.
Crude Oil is up today at $48.10 / barrel.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
IMGN IMMUNOGEN INC. Money Wave Buy today. Place Sell Stop Loss Below $7.02 on the Close.
Be patient and WAIT for Money Wave Buy soon for: EA ELECTRONIC ARTS, GLUU GLU MOBILE INC, KEM KEMET CORP, KTOS KRATOS DEFENSE, & WTW WEIGHT WATCHERS INC. 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).
EXIT CHGG CHEGG INC. if it is going to Close below your Buy Price, or $14.07.
EXIT VRTX VERTEX PHARM. if it is going to Close below the Pink Line around $157.74.
PORTFOLIO (Open Positions)
Click for CLOSED POSITIONS
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.