Markets “Gapped Up” again today, as the DOW Index had a big Earnings Pop on Boeing.
Smart Money takes Profits on Good News… Dumb Money is Buying now.
Please be patient and WAIT for pull-backs… Last month’s dip in the Markets set up some nice trades.
Crude Oil is up big today around $48.20 / barrel.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
CALA CALITHERA BIO Money Wave Buy today. We will not log this trade, as the Volume is below average.
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 BA BOEING CORP on the Close today for a 15% Gain, or have a tight Sell Stop Loss Below it.
EXIT EXTR EXTREME NETWORKS if it is going to Close Below your Buy Price, or $9.31.
EXIT IMGN IMMUNOGEN INC. if it is going to Close Below your Buy Price, or $6.34.
EXIT TRUE TRUECAR INC. if it is going to Close Below Support of $19.69.
Click for PORTFOLIO (Open Positions)
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.