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.
The Tech Fund and BioTech Fund made New Highs recently, and they should have good bounces from their Green Zones.
Crude Oil is up today at $48.10 / 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:
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).
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SELLS TODAY:
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
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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