The Markets popped up today on Good News, so the Herd is Buying on lower Volume. The S&P 500 now has Support around 2268, and is re-testing the 2301 High.
Try to EXIT of AVOID Investments that did not make New Highs recently.
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.
CSX CSX CORP Money Wave Buy today. We will not log the trade, as it is Way Above the Green Line.
GS GOLDMAN SACHS Money Wave Buy today (failed to trigger Buy >20 yesterday). We will not log the trade, as it is already up 4% today.
MS MORGAN STANLEY Money Wave Buy today, but we will not log the trade, as it is already up over 5% today.
ON DECK to Buy soon: URA . Wait for GREEN ZONE BUYS. We will email or text when they are ready.
SELLS
NONE
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.
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