Merry Christmas, and Happy Holidays! Thank you again for being a “Green Liner”!
The Markets are mixed today, on super low Holiday Volume. The S&P has so far failed to reach last week’s high of 2278, but it might try again next week. There is no news, so NO Sellers yet.
Leaders are very Over-bought. The Reward / Risk ratio of investing now is poor, so we suggest staying in Cash. Several Stocks have pulled back into the Green Zones, and have Money Wave Buy Signals today … Please do not Buy then unless you are VERY NIMBLE, as they are still Way Above the Green Lines.
If the S&P 500 fails up here, it would normally correct back down to the Red Line (50-day avg.) to set up for a good bounce.[s_static_display]
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
VALE.P VALE SA PREFERRED Buy Signal probably today, but Reward / Risk is poor.
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.
How can I do a money wave analysis of companies that are not on your list.
Also, I would like search for companies that are on your list by stock symbol rather than sort through your long list. Is there a way to do that?
If you still want more Investing Ideas, create an Advanced Scan at StockCharts:
Create your own Green Line Scan here:
Yes, you must have the EXTRA Plan at StockCharts for scans.
Copy & Paste this script into the ‘Criteria’ Box:
[type = stock] AND [country = US] and [SMA(20,volume) > 1000000]
and [EMA(50,volume) > 1000000] and [SCTR >90]
Free charts & quotes: http://www.freestockcharts.com