Markets “Gapped Up” today, as the panic buying continues before the Tax Reform vote soon.
Many Techs and Semiconductors are finally having some profit taking, and are back down in the Green Zones for Buy Signals soon.
WAIT for the Leaders to return to their Green Zone for Money Wave Buys… Try to Buy Investments that recently made new Highs on the next pull-back.
Crude Oil is up today at $57.30/ barrel.
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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
SQ SQUARE INC. Money Wave Buy today. Place Sell Stop Loss below Support of $37.18 on the Close.
Money Wave Buys soon for BABA ALIBABA GROUP, MCHI CHINA FUND, MU MICRON TECH, ON ON SEMICONDUCTOR, OSTK OVERSTOCK.COM, SMH SEMICONDUCTOR FUND, SQ SQUARE INC. & STM ST MICRO, & YY YY 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).
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SELLS TODAY
EXIT GRPN GROUPON INC. if it is going to Close Below the Pink Line around $5.64.
Please Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
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.
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– SQ