The Markets are popping up again today, and the S&P 500 has gone 18 points above the early January High of 2282. Volume is not great, and very few Stocks are making new Highs, which is not Bullish. This might be the CLIMAX.
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.
NONE TODAY Make sure you have Sell Stop Losses under ALL POSITIONS or you might get STUCK!
ON DECK to Buy soon: NONE Wait for GREEN ZONE BUYS. We will email or text when they are ready.
SELLS
We are Changing AKS to a Long Term Investment, since the Relative Strength is still 98, and we don’t want to take a Big Loss. AKS was $73 in 2008… We will try to get out soon around $9.50, or the Pink Line if you are a Short Term Trader.
EXIT MDR today on the CLOSE, or TIGHT Stop.
EXIT STLD if it is going to Close Below your Buy Price, or $35.23.
EXIT X if it is going to Close Below your Buy Price, or $31.80.
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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