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.
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.