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.
BUYS TODAY:
CALA CALITHERA BIO Money Wave Buy today. We will not log this trade, as the Volume is below average.
Money Wave Buys soon for: SHOP SHOPIFY INC. 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:
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.
Back in the end of June, had you given Boeing a buy signal then?
Boeing had a mechanical Money Wave Buy Signal on Jul 3, at $198.58.
We did not expect such a large move from BA, so we did not log this trade :(.
Please check the Portfolio Link to see which Investments are logged for the highest probability.
Thank you.