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February 7, 2017

Money Wave Alert! Feb 7, 2017

We will EXIT NVIDIA today, before Earnings!

 

The Markets have tried the January Highs again today, and the S&P 500  got within 2 points of its 2301 High of Jan. 26th. Eventually the S&P will Double Top, and correct back down to the Red Line (50-day avg.)

Try to EXIT of AVOID Investments that have not made New Highs recently. 

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.

URA    URANIUM FUND    Money Wave Buy today.

ON DECK to Buy soon:   FCX   RIO   VALE  . Wait for GREEN ZONE BUYS (>20).  We will email or text when they are ready.

 

SELLS

EXIT NVDA today on the Close, or have a very tight Sell Stop.  Earnings are out Thursday.

EXIT  NBR  if it is going to Close Below Support of  $15.50. (Maybe go down to $15.45)

 

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.

Posted By AbovetheGreenLine at 2:18 pm Leave a Comment

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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