After the Market Close today, Earnings will be out on many big Darlings like AMZN GOOGL INTC & MSFT. The Buying tomorrow on these should tell us how much money that the Mutual Funds have left to spend.
Markets are up slightly again today as the Wave 5 up of the Trump Rally is nearing the March Resistance (See Chart Above.) The very Strongest Leaders have bounced back up and a few have made New Highs. Your GOAL should be to Own Investments that are making Higher Highs, each cycle up.
The Reward / Risk ratio of investing now is poor, so please do not Buy unless you are VERY NIMBLE, as the Leaders are still Way Above the Green Lines.
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: CARA CARA THERA. Money Wave Buy today. We will not log, as the Markets are Way Above the Green Line.
Please click on the WatchList to look for more Money Wave Buy Signals soon. We will email you when they are ready. Most Leaders are currently in the Red Zones (probably too late to Buy for the Short Term).
SELLS TODAY: Most Positions are in the Red Zones… If you are uncomfortable holding on near the Highs, then take profits…
EXIT MU MICRON TECH if it is going to Close Below your Buy Price, or $27.14. (We raised the Sell Stop back up to the Buy Price).
EXIT VALE VALE DE RIO if it is going to Close Below $8.37.
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.
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– CARA
