The Markets are very slow today as most of the Leaders are already back up in the Red Zones. The major Indices are going up to re-test the recent Highs.
The Financials are struggling at the Red Line (50-day avg), and are weaker than they were in early March.
Try to EXIT positions that are not near the recent highs, and ones that are Below the Red Lines.
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.
Many 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 TODAY
SELLS: NONE TODAY
Have a nice weekend!
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 Buy orders.