The Markets are mixed today before the Memorial Day weekend (Markets will be Closed on Monday). No Sellers today after the S&P 500 was able to make New Highs on Thursday.
Most Funds are back up in the Red Zones (probably too late to Buy for the Short Term).
RAISE Cash so you will have Funds to Buy on the next pull-back into the Green Zones.
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
We will still Buy MDXG MIMEDX GROUP if it goes back down again under $13, with a Sell Stop at $12.60 on the Close.
Money Wave Buy Signals soon: MOMO MOMO INC. & TROX TROXON INC. 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).
SELLS TODAY: EXIT CSX CSX CORP. on the Close, or have a tight Sell Stop Loss on it.
EXIT AZN ASTRAZENECA PLC if it is going to Close Below your Buy Price, or $34.27.
Click for 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.
About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buys.
HAVE A NICE MEMORIAL DAY!
Related Post
– MDXG
Great trade on CSX !!
Thank you for your website…
Thanks Dutchy!
Have a great Holiday.
first trade profitable, csx, I sold half yesterday, thanks for confirmation, I’m not going to beat myself up if it goes higher, take the money and run for the door!!!!!!!
Nice Toby!
The current Market is testing all of our Emotions (Fear & Greed) and Discipline.
Good trading, and tell your friends!
can i trade options on this system of trading
Buying options is risky because of time value decay.
Some followers Buy Deep in the Money Options on the more expensive stocks, for the quick pops.
We prefer to only SELL covered call options on Long positions, to try for premium income.