Markets are up today, as the Techs are bouncing from Over-Sold conditions.
The DOW Index could be going up on Wave 5 since it bounced off the Red Line (50-day avg.) in late August.
The Watch List is growing, as some Leaders are back down near their Red Lines (50-day avgs.) for possible pops soon. We would prefer that all the Indices also correct down some, but the Buyers are still piling in.
Be patient and 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 up today at $52.17 / 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
Money Wave Buys soon for BABA ALIBABA GROUP, EWZ BRAZIL FUND, FMC FMC CORP, NVDA NVIDIA CORP, & REMX RARE EARTH FUND, SQM SOCIEDAD QUIMICA & VRTX VERTEX PHARM. 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).
________________________________________________________________________________________
SELLS TODAY
EXIT IMGN IMMUNOGEN INC. on the Close today, or have a tight Sell Stop Loss Below it (for the Short Term Position only). Currently IMGN has an 11% Gain.
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.
What is a your idea of a tight stop on IMGN? Thanks
Maybe 1-2% from today’s High.
Thanks for your quick response. Much appreciated. You do a great job of staying within your established rules!
Thank you D!