More of the same… The Markets are up, as the S&P 500 bounced off the Pink Line (10-day avg.) today to avoid a Short Term Sell Signal. It is still struggling around the December High of 2277… So far it is not a Good Break-Out on the S&P 500.
We are waiting to Buy from the undisciplined Buyers that who cannot WAIT for a pull-back.
FAILURE here could cause SELLING. Very few New Highs this time up, makes for Caution! Money Wave Buys are not Bouncing well… TIRED, NARROW MARKET.
The Strongest Leaders are already in the Red Zones (probably too late to Buy for the Short Term).
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.[s_static_display]
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
Click for WATCH LIST
Click for OPEN POSITIONS
Click for CLOSED POSITIONS
Many like to buy the day before, if the Investment has not 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.