Markets “Gapped Up” today on the Tax Reform news over the weekend, but the Techs are still weak… The DOW, S&P 500 and Small Caps are in the Red Zones (probably too late to Buy for the Short Term).
Many Techs and Semiconductors are back down in the Green Zones for Buy Signals soon.
WAIT for the Leaders to return to their Green Zone for Money Wave Buys… Try to Buy Investments that recently made new Highs on the next pull-back.
Crude Oil is down today at $57.45/ 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 NONE TODAY
Money Wave Buys soon for BOTZ ROBOT FUND, MCHI CHINA FUND, MU MICRON TECH, OSTK OVERSTOCK.COM, SMH SEMICONDUCTOR FUND, & STM ST MICRO, & YY YY 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
LOWER the Sell Stop Loss on SQ SQUARE INC. to $35.90, as the Relative Strength is still 99, and it is back in the Green Zone.
EXIT RXDX IGNYTA INC. if it is going to Close Below the Pink Line around $16.30.
Please Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
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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– SMH