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February 21, 2017

Money Wave Alert! Feb 21, 2017

Why Do They Buy: Way Above the Green Line?

 

The Markets are squirting up again, as the buying frenzy should Climax soon. It is amazing that the Indices are on Highs, as only the Semis, Techs & Financials seem to be Leading and making much progress. Most of the Leading Funds are in the Red Zones (probably too late to Buy for the Short Term). 

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.

The NASDAQ 100 is the Strongest Index for the month of February. When the Markets will finally correct, there should be a good trade on QQQ near the Red Line.

 

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

NVDA  NVIDIA CORP    Money Wave Buy today. We will not log, as NVDA is Way Above the Green Line.

ON DECK to Buy soon:   ARRY   ARRAY BIOPHARM   SN  SANCHEZ ENERGY,  WDC  WESTERN DIGITAL  &  URA  URANIUM FUND.   We will email when they are ready.

 

SELLS

EXIT STM   ST MICRO on the Close, or have a very tight Sell Stop Loss on it.

 

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.

Posted By AbovetheGreenLine at 2:33 pm 4 Comments

Comments

  1. cscapes316@msn.com says

    February 21, 2017 at 3:05 pm

    Is FCX on watch list?
    Thanks, Charles

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    • AbovetheGreenLine says

      February 21, 2017 at 4:13 pm

      I need to check the Relative Strength on IBD.

      I think it dropped Below 90.

      Log in to Reply
      • cscapes316@msn.com says

        February 21, 2017 at 4:55 pm

        I suspect that too(under 90).

        Log in to Reply
        • AbovetheGreenLine says

          February 22, 2017 at 6:21 pm

          Sorry for the delay… FCX is down to 75 R S in IBD.

          Log in to Reply

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