The Markets are mixed again today, on NO NEWS, so the Herd does not know what to do. The S&P 500 now has Support around 2268, and acts like it will re-test the 2301 High again.
Try to EXIT of AVOID Investments that did not make New Highs last week.
The Reward / Risk ratio of investing now is poor, so please do not Buy then 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.
GS GOLDMAN SACHS Money Wave Buy today, but we will not log the trade, as it is Way Above the Green Line.
SN SANCHEZ ENERGY Money Wave Buy today, but we will not log the trade, as it is already up over 4% today.
ON DECK to Buy soon: CSX KRE MS & URA . Wait for GREEN ZONE BUYS. We will email or text when they are ready.
SELLS
EXIT RF if it is going to Close Below the Pink Line of $14.36.
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.