Markets “Gapped Up” today, as the probable Wave 5 up of the Trump Rally is underway (See Chart Above.) The very Strongest Leaders have bounced back up to the recent Highs. This is where we find out if the Semis SMH and Financials can make new Highs, or Double Top.
The Reward / Risk ratio of investing now is poor, so please do not Buy unless you are VERY NIMBLE, as the Leaders are still Way Above the Green Lines.
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: APO APOLLO GLOBAL Money Wave Buy today. We will not log, as the Volume is low.
Please click on the WatchList to look for more Money Wave Buy Signals soon. We will email you when they are ready.
We will Lower the Sell Stop Loss on MU MICRON TECH to $26.36, as the Relative Strength is still 98.
EXIT CC CHEMOURS CO. on the Close, or have a tight Sell Stop Loss, as CC is up 10% on this POP.
Click for 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.
About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buys.