The Markets are mixed again today, as the Techs are weak and the buying frenzy is tired. Most of the Leading Funds are now coming down from the Red Zones (probably too late to Buy for the Short Term). The Green Zone Watch List is growing, for Buy Signals soon.
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.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
EXIT MFC MANULIFE FINANCIAL today if it is going to Close Below the Pink Line of $18.77.
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.