Markets are down slightly today on mild selling, as the S&P 500 tries to hold above the Pink Line (10-day avg.) to Avoid a Short Term Sell Signal.
Most of the Indices are back up in the Red Zones (probably too late to Buy for the Short Term). WAIT for some negative news to return the Leaders back down to their Green Zone for Money Wave Buys..
Crude Oil is mixed today at $50 .70 / barrel.
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 NONE TODAY
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 FBR FIBRIA CELULOSE if it is going to Close Below your Buy Price, or $13.15.
We Changed KEM KEMET CORP. to Medium Term because the Markets are sluggish (EXIT if it is going to Close Below the 50-day avg. or Red Line of $19.25).
We Changed WTW WEIGHT WATCHERS to Medium Term because the Markets are sluggish (EXIT if it is going to Close Below the 50-day avg. or Red Line of $41.31).
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.