More of the same… The Markets are up again today. The S&P could be finishing Wave 5 up of the Trump Rally that began Nov 7th (see Chart above). After 5 Waves, there will normally be a correction of 1/3 to 1/2 of the Rally. 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 IWM Small Cap Fund today on the Close, if you bought it.
Sell AMKR AMKOR TECH today if it is going to Close below your purchase price, or $11.24.
Sell MRVL Marvell Tech today if it is going to Close below your purchase price, or $14.03.
Sell SGEN Seattle Genetics today if it is going to Close below your purchase price, or $66.70.
ON DECK: NONE
WAIT for Money Waves Buys soon coming out of the Green Zones. We will email you when they are ready.
Click for WATCH LIST
Click for STOCKCHARTS LIST
Click for OPEN POSITIONS
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.
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