The Markets are pushing higher for a CLIMAX soon! Remember that Wise Investors Buy on FEAR, and Take Profits when all FEEL GREAT. Most Investors don’t know this, and LOSE MONEY buying at the wrong time. The higher the Markets go, the MORE they want in??? That’s like a retail store RAISING their prices, and Buyers rush in?
Don’t know where THE GREEN LINE IS?
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.
EXIT FCX today if it is going to Close Below your Buy Price, or $15.80.
EXIT NBR today if it is going to Close Below your Buy Price, or $15.74.
EXIT TECK today if it is going to Close Below your Buy Price, or $24.90.
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.