The Markets are getting tired after most Funds are in the Red Zones (probably too late to Buy for the Short Term). Looks like when APPLE gives up, the Markets will finally correct. (There should be a good trade on AAPL near Red Line.)
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?
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.
NONE TODAY
ON DECK to Buy soon: AMD MU NVDA & WDC. We will email when they are ready.
SELLS
SN is down near our Stop at $12. We will LOWER the Stop to the Red Line of $11.30, as the Correction from the High is very orderly, and the Relative Strength is still 98 from Investor’s Biz Daily… Long Term SN could return to the 2014 High of $38!
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.