The Markets are up again today, but with much less power. 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 CSX CSX CORP 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.
ON DECK: NONE
WAIT for Money Waves Buys soon coming out of the Green Zones. We will email you when they are ready.
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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.
Is this not a good time to buy SPXU, rather than wait for Money Wave Buys to descend all the way to Green Zones ?? Thank you for your website.
Good question Dutchy, but all we have to do is check the Rules to answer your question. First, 3 X Funds can be a disaster, because of the LARGE DECAY in Value.
SPXU is in the Green Zone, but is Below the Green Line with only 2.7 Relative Strength… Why sail INTO THE WIND? When the Market corrects, the Leaders like XLF should come down near the Green Line, and then go right back up, until they FAIL. Eventually Inverse Funds will begin a Bull, and meet the RULES… It is safer, and much less STRESSFUL to wait, like in 2008 Chart.
Thank you. I am learning and profiting from your website.