The Markets are down today, as the S&P 500 struggles at the Pink Line (10-day avg.) to avoid a Short Term Sell Signal. So far last week’s Break-Out to 2282 was not Good, on the S&P 500.
Maybe the Inauguration News will rock the Markets out of this 5 week Sideways period! Yes, this gets OLD, Waiting for a pull-back. But the Euphoria of Human Emotion (VIX Indicator) says it will correct.
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.
NONE TODAY but the LIST is Growing.
SELLS
EXIT AAL if it Closes Below the Pink Line of $47.19.
EXIT NVDA if it Closes Below your Buy Price, or $103.11. NVDA is back in the Green Zone… If you want to keep it, lower Sell Stop Loss to Below $99.38 on Close.
EXIT SMH if it Closes Below the Pink Line of $72.40.
ON DECK to Buy soon: AKS AMD NVDA PIR STLD WNR & X Wait for GREEN ZONE BUYS. We will email or text when they are ready.
Click for WATCH LIST
Click for OPEN POSITIONSClick 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.
To have a Money Wave Buy, do the moving averages need to be aligned? Does the 50 need to be above the 200, and the 10 above the 50?
Please read and follow the Green Line RULES for best results…
1. Investment must be Above the Green Line (250-day moving average).
2. Investment must have Above 90 Relative Strength.
3. Money Wave Buy (Money Wave Indicator Closing > 20 and OUT of Green Zone.)
Thank you for your question.