Markets are mixed today on a small range day, 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..
The Semiconductors and BioTechs are the Strongest Sectors to buy when they return to their Green Zones.
Crude Oil is mixed today at $50 .70 / 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. We already have a position in IMGN, but this Signal could give you a better entry price. Sell if it Closes below the recent low of $6.17.
VRTX VERTEX PHARM. Medium Term Buy Signal today. Exit if it is going to Close Below the Red Line of $150.32.
Be patient and WAIT for Money Wave Buys soon. 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 GRUB GRUBHUB INC. if it is going to Close Below Support of $52.15.
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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