Markets are struggling today, as the Leaders are Over-Bought but many Investors don’t want to take profits as their GREED has kicked in. Most Leaders are in the Red Zones (probably too late to Buy for the Short Term). Short Term Traders should raise CASH, or have tight Sell Stops in.
Please be patient and WAIT for pull-backs… Last month’s dip in the Markets set up some nice trades.
The NASDAQ 100 is back up near the Highs, but the Volume not great.
Crude Oil is up today around $46.50 / 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:
IMGN IMMUNOGEN INC. Money Wave Buy today. Be careful: We will not log this trade, as IMGN is already up 10% today.
CLVS CLOVIS ONCOLOGY Money Wave Buy today. We will not log this trade, as CLVS has low Volume today.
Money Wave Buys soon for: CALA CALITHERA BIO, SHOP SHOPIFY INC. & TRUE TRUECAR 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 EWP SPAIN FUND if it is going to Close Below the Pink Line around $33.40.
EXIT EXTR EXTREME NETWORKS if it is going to Close Below you Buy Price, or $9.31.
EXIT ORCL ORACLE CORP. if it is going to Close Below the Pink Line around $50.51.
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.
is your ORCL exit price correct?
Sorry. ORCL Stop should be Below $50.51.
Thank you!