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.
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.
