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February 10, 2017

Money Wave Alert! Feb 10, 2017

More Buying on S&P 500.

 

The Markets are up again today, and Buyers are afraid they will miss the UP train! The S&P 500  has rallied above the 2301 High of Jan. 26th to 2319.  That makes 2301  Support for next week… Watch out if the Support does not hold (not many good New Highs in stocks).

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.

We are waiting for the S&P 500 to correct back down near the Red Line (50-day avg.) to set up for a good bounce.

Money Wave Buys soon!  
The Following Investments will probably have a Money Wave Buy Signal 
(Slow Stochastic Closing > 20) on today’s Close.

FCX  FREEPORT-MCMORAN   Money Wave Buy today.  We will not log, as it is Way Above the Green Line.

MFC  MANULIFE FINANCIAL   Money Wave Buy today. We will not log, as it is Way Above the Green Line.

NBR   NABORS INDUSTRIES   Money Wave Buy today.

TECK   TECK RESOURCES   Money Wave Buy today. We will not log, as it is already up 5.88% today.

 

ON DECK to Buy soon:   STM   STMICROELECTRONICS    We will email when they are ready.

 

SELLS

EXIT  VALE  VALE SA   today on the Close, or put in a tight Sell Stop Loss (Up 5% today).

 

Please monitor the OPEN POSITIONS Page and update your Sell Stop Losses. Several are back up in the Red Zones.

Click for  WATCH LIST   

Click for  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.

Related Post

– STM

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