Taking Profits today!
The Markets have squirted up more today, as the S&P popped up above 2214 to 2226 soon. We are taking profits today, as the Bullish Sentiment is too HIGH. A normal pull-back would take the S&P 500 down near the Red Line (50-day avg.)
We are going to take some profits for Short Term Traders:
Sell FCX FREEPORT-MCMORAN INC if it Closes below the Pink Line or $15.59.
Sell GGB Gerdau USA today on the Close, or if it Trades below $4.00.
Sell MU Micron Tech today on the Close, or if it Trades Below $20.20.
Sell JWN NORDSTROM INC today on the Close, or if it trades below $59.40.
Sell WEN Wendy’s Co. today on the Close.
ON DECK: NONE
WAIT for Money Waves Buys soon coming out of the Green Zones. We will email you when they are ready.
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Many like to buy the day before, if the Investment has not popped up too much.
Money Wave Buys are usually good for a 3-6 % move in a few days.
About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buy orders.