Markets were mixed today as the House passed the Tax Cut Bill. Now on to the Senate later this week. Markets were quiet on lower Volume.
Most Leading Investments are in the Red Zone (probably too late to Buy for the Short Term). Please have Sell Stops below recent Short Term purchases.
When the Markets pull-back, try to Buy Investments that recently made new Highs.
Crude Oil is up today at $57.55.
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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
GRPN GROUPON INC. Money Wave Buy today. Place Sell Stop Loss below Support of $5.17 on the Close.
Money Wave Buys soon:
IGT INT’L, GAME TECH.
JUNO JUNO THERA. INC.
We will email you when they are ready. Click on Watch List.
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 BOTZ ROBOTICS FUND if it is going to Close Below your Buy Price, or $23.51.
EXIT MCHI CHINA FUND if it is going to Close Below the Pink Line around $65.47.
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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