Markets were up again today, as the Retail Investors are now becoming very optimistic . They always feel good in the Red Zones (probably too late to Buy for the Short Term).
All of the major Indices are now back Above the Red Lines (50-day avgs.), but are Over-bought for the Short Term. Maybe time to raise some CASH and wait for Green Zone Buys.
Caution! Most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term).
Crude Oil was up to New Highs at $71.45.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
CVNA CARVANA CO. Money Wave Buy today. CVNA will not be logged, as it is already up 12% today.
Money Wave Buys soon for:
M MACY’S INC. Money Wave must Close in the Green Zone.
WTW WEIGHT WATCHERS INT’L. Money Wave must Close in the Green Zone.
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 INTC INTEL CORP. on the Close today, or have a tight Sell Stop Loss Below it.
EXIT MU MICRON TECH on the Close today, or have a tight Sell Stop Loss Below it to capture a 10% Gain. (Short Term Portfolio only).
EXIT SGH SMART GLOBAL HOLDINGS on the Close today, or have a tight Sell Stop Loss Below it.
EXIT STX SEAGATE TECH on the Close today, or have a tight Sell Stop Loss Below it.
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.