The Markets are mixed today, and are extremely Over-Bought. The S&P could be finishing Wave 5 up of the Trump Rally that began Nov 7th. After 5 Waves, there will normally be a correction of 1/3 to 1/2 of the Rally. We are taking profits again today, as the Bullish Sentiment is too HIGH. A normal pull-back would take the S&P 500 down near the Red Line (50-day avg.)
We are going to Raise Cash for Short Term Traders:
Sell MRVL Marvell Tech today if it is going to Close below your purchase price, or $14.18.
Sell NAVI NAVIENT CORP today if it is going to Close below your purchase price, or $17.03.
Sell TRN TRINITY INDUSTRIES today if it is going to Close below your purchase price, or $28.15.
ON DECK: KTOS KRATOS DEFENSE & TECK TECK RESOURCES LTD
WAIT for Money Waves Buys soon coming out of the Green Zones. We will email you when they are ready.
Click for WATCH LIST
Click for STOCKCHARTS LIST
Click for OPEN POSITIONS
Many like to buy the day before, if the Investment has not 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 Buy orders.
I was disappointed not to receive your daily commentary today before Market close…
There will be a Daily out in a few hours with more detail.
Thank you for writing!
Thank you.