Markets are mixed today, as the Leading Funds are coming down from the RED ZONES.
Money Wave Buy Signal on YELP today if it Closes > $33.40
We will EXIT GORO today, if it is going to CLOSE below the 10-day average of $5.67.
We will EXIT AMZN today, if it is going to CLOSE below the 10-day average of $822.80.
EXEL is back down in the Green Zone, so we will LOWER THE STOP to $11.03, and hold on since the Relative Strength is holding at 99.
Money Waves Buys soon for ECA PE SRPT
We will email you when they are ready. WATCH LIST CHARTS OPEN POSITIONS
Please follow the Rules below:
How are you still in EXEL? It hit the 11.21 stop loss yesterday.
The RULE is for the Investment to CLOSE below the Sell Stop Value.
We don’t have a good answer about putting in hard GTC Stops, because the Market Makers can see your GTC Stop and can go down to take you out.
We usually set Alarms at the Stop Price and watch to decide if it is HOLDING SUPPORT or not.
Yesterday, EXEL went down and flushed out the Stops. This was a “False Breakdown” since there was not follow thru selling after breaking $11.21 SUPPORT.
Then it rallied to $11.63 this morning…
One Solution would be to put a hard Stop 25-30 cents BELOW SUPPORT… We are trying to decide… DID IT HOLD SUPPORT or NOT?
The Web Site normally uses CLOSING Buy & Sell Prices for logging Closed Positions. You will rarely get hit hard, because we Buy in the Green Zone (over-sold), and
these are the Strongest Investments, based on Relative Strength…
This is a helpful Rule and explanation. I only found it because this page came up when I clicked “logout”