Markets are higher again today, and now it is looking like a “Melt Up” is forming. This could be HISTORIC, as Investors Panic Buy after 8 1/2 year tired Bull (Dow is 2200 points Above the Green Line). Must be betting on a new Tax Plan.
Most of the Leaders are in the Red Zones (probably too late to Buy for the Short Term), so Short Term Traders should be raising Cash. The Markets seem to be running on upward momentum.
Be patient and WAIT for the Leaders back down to their Green Zone for Money Wave Buys..
Crude Oil is up today at $50.70 / 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 NONE TODAY
Please Wait for Money Waves to return to their Green Zones. 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).
EXIT SQM SOCIEDAD QUIMICA on the Close today, or have a tight Sell Stop Loss below it (to protect 7% gain if you bought it).
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.