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January 12, 2017

Money Wave Alert! Jan 12, 2017

Stocks are Over-Bought on the Short Term!

 

The Markets are slowly running out of Buyers, and dropped 1% this morning before rallying back up near the Close. The S&P 500 fell below the Pink Line (10-day avg.) today, but has recovered again, 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.

Yes, this gets OLD, Waiting for a pull-back. But the Euphoria of Human Emotion (VIX Indicator) says it will correct.

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 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.

BHI   BAKER HUGHES INC   We will not log this trade, as Volume is below average.

OAS   OASIS PETROLEUM    Money Wave Buy today.

SELLS

EXIT MU   if it Closes Below your Buy Price, or $22.36.

EXIT NVDA if it Closes Below your Buy Price, or $103.11.

 

ON DECK to Buy soon:  WNR   Wait for GREEN ZONE BUYS.  We will email or text when they are ready.

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.

Posted By AbovetheGreenLine at 2:30 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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