Markets are up slightly again today on lower Volume, 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 to the recent Highs, and a few have made New Highs. Very few Investments have Above 90 Relative Strength any more. This is where we find out if the Semis SMH and Financials can make new Highs, or Double Top.
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: IMMU IMMUNOMEDICS Money Wave Buy today. We will not log, as the Markets are Way Above the Green Line.
NRG NRG ENERGY 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.
SELLS TODAY: Most Positions are in the Red Zones… If you are uncomfortable holding on near the Highs, then take profits…
EXIT SYMC SYMANTEC CORP on the Close, or have a tight Sell Stop Loss, as SYMC is in the Red Zone.
EXIT X US STEEL if it is going to Close Below your Buy Price, or $30.51.
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.