The Markets are down again today, on mild selling. The Leaders are slowly coming back down to their Green Zones, for Money Wave Buy Signals again. The S&P 500 now has Support around 2268, and acts like it will re-test the 2301 High again.
Most of the Super Strong Leaders are trying to hold above their Pink Lines (10-day avgs.), and might try the Highs again very soon… Try to EXIT of AVOID Investments that did not make New Highs last week. This might be the CLIMAX.
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.
ON DECK to Buy soon: ECA & NBR UGA Wait for GREEN ZONE BUYS. We will email or text when they are ready.
SELLS
EXIT XLF if it is going to Close Below the Pink Line of $23.34.
Please monitor the OPEN POSITIONS Page and update your Sell Stop Losses. Several are back up in the Red Zones.
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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