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February 8, 2017

Money Wave Alert! Feb 8, 2017

Money Wave Buys Soon!

 

The Markets are mixed today, and the S&P 500  still wants to try the 2301 High of Jan. 26th again. Eventually the S&P will Double Top, and correct back down to the Red Line (50-day avg.)

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.

NONE TODAY

ON DECK to Buy soon:   FCX  FREEPORT-MCMORAN INC,    RIO  RIO TINTO PLC,   TECK   TECK RESOURCES,  URI  UNITED RENTALS, &  VALE  VALE SA. 

Wait for GREEN ZONE BUYS (>20).  We will email or text when they are ready.

 

SELLS

EXIT  MS  if it is going to Close Below your Buy Price, or $44.43.

 

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 2:40 pm 2 Comments

Comments

  1. cscapes316@msn.com says

    February 8, 2017 at 5:47 pm

    Thanks!

    Log in to Reply
    • AbovetheGreenLine says

      February 9, 2017 at 9:53 am

      Welcome!

      Log in to Reply

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Voted #1 at Stock Charts

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

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