The Markets are popping up today, and the S&P 500 has gone slightly higher than the early January High of 2282. Volume is not high, and very few Stocks are making new Highs, which is not Bullish. The Investor Sentiment is “GAGA” over the Trump Rally, and this is how Investors get HURT.
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.
GS GOLDMAN SACHS Money Wave Buy today. We will not log, as Way Above the Green Line.
OAS OASIS PETROLEUM Money Wave Buy today.
RIG TRANSOCEAN INC. Money Wave Buy today.
ON DECK to Buy soon: PIR Wait for GREEN ZONE BUYS. We will email or text when they are ready.
SELLS
We will lower the Sell Stop on AKS to $8.50, as it was up 8% this morning to $10.26, and then it DUMPED… We will try to EXIT soon near $9.50.
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.
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