Markets “Gapped Up” on Good News today, so expect some profit taking soon as Smart Money sells on the Good News. Remember, Smart Money bought on Bad News BEFORE the FED talk last Wednesday, and BEFORE the Trade News today.
The rally is getting over-bought on the Short Term as the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term).
Please check the Sell Stops in the PORTFOLIO as many Stops have been tightened up.
Crude Oil was up $2.20 today at $53.10.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
EUM INVERSE EMERGING MARKETS FUND Buy EUM if it Closes above $19.51.
Money Wave Buys Signals Soon:
Please be patient and wait for Money Wave 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 KDP KEURIG DR. PEPPER if it is going to Close below your Buy Price, or $26.54.
EXIT SQ SQUARE INC. on the Close today, or have a tight Sell Stop Loss below it, as SQ is 29% above the recent Low.
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.