Markets were mixed again today after Congress passed the Tax Cut Bill. Normally Smart Money will Sell in a few days on the “Good News”.
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 $58.10.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
The Relative Strength of IGT INT’L, GAME TECH. & JUNO JUNO THERA. INC. were both Below 90 at the time of this post. They do not meet with the Green Line Rules, so no Money Wave Buys today.
Please be patient and wait for the Money Wave Indicators to return to the Green Zones for Buy Signals.
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).
EXIT INTC INTEL CORP. today on the Close, or have a tight Sell Stop Loss below it.
EXIT SQ SQUARE INC. if it is going to Close Below the Support of $35.90.
EXIT DG DOLLAR GENERAL if it is going to Close Below your Buy Price, or $92.55.
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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