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December 7, 2017

Money Wave Alert! Dec 7, 2017

BOTZ Chart
Money Wave Buy today on Robotics Fund (BOTZ)

 

Markets  are up slightly today with the Techs moving back up. There are several Money Wave Buys today … The DOW, S&P 500 and Small Caps are trying to bounce off their Pink Lines (10-day avgs.).

Many Techs and Semiconductors are having Buy Signals today.  

Try to Buy Investments that recently made new Highs on these pull-backs. 

Crude Oil  is  up today at $56.65.

_____________________________________________________________________________________

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       

BOTZ   ROBOT FUND   Money Wave Buy today. Place Sell Stop Loss at $23.10 on the Close.

MCHI   CHINA FUND    Money Wave Buy today. We will not log MCHI, as it is Below the Red Line.

MRVL   MARVELL TECH    Money Wave Buy today. Place Sell Stop Loss at $21.60 on the Close.

NRG    NRG ENERGY    Money Wave Buy today. Place Sell Stop Loss at $27.05 on the Close.

OSTK  OVERSTOCK.COM   Money Wave Buy today. We will not log OSTK, as it is already up over 5% today.

SMH   SEMICONDUCTOR FUND    Money Wave Buy today. We will not log SMH, as it is Below the Red Line.

YY   YY INC.    Money Wave Buy today. We will not log YY, as it is already up over 8% today.

We will “Not Log” trades if the Reward/Risk is not at least 2:1.

     

Please wait for more Money Wave Buys soon.

EXAS   EXACT SCIENCES   We will email you when they are ready. Click on WatchList

 

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).

________________________________________________________________________________________

SELLS TODAY         

MU   MICRON TECH   Exit 0n the Close today, or Raise the Sell Stop Loss to where you bought it, or $51.47. MU might FAIL near the Pink Line.

 

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.

Posted By AbovetheGreenLine at 2:40 pm 3 Comments

Comments

  1. spirop1 says

    December 7, 2017 at 4:06 pm

    Is TCEHY A BUY TODAY

    Log in to Reply
    • AbovetheGreenLine says

      December 7, 2017 at 5:45 pm

      Yes, TCEHY is similar to MCHI and YY, but was Below the Red Line last night, so omitted … Nice recovery today.

      Log in to Reply
  2. spirop1 says

    December 7, 2017 at 7:00 pm

    Ok thanks

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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