The Markets are down slightly today, as the S&P 500 struggles back up to re-test the 2401 Highs… Failing to make new highs should cause selling. The rally we were expecting has not been very powerful, and without the Financials.
Many of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term).
The Reward / Risk ratio of investing now is poor, so please do not Buy unless you are VERY NIMBLE, as the Leaders are still Way Above the Green Lines.
Many Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BUYS: CARA CARA THERA Money Wave Buy today. We will not log, as the Markets are Way Above the Green Lines.
GS GOLDMAN SACHS Money Wave Buy today. We will not log, as the Markets are Way Above the Green Lines.
LUV SOUTHWEST AIR Money Wave Buy today. We will not log, as the Markets are Way Above the Green Lines.
MS MORGAN STANLEY Money Wave Buy today. We will not log, as the Markets are Way Above the Green Lines.
ON DECK to Buy soon: TRCO TRIBUNE MEDIA. We will email when it is ready.
SELLS
EXIT CENX CENTURY ALUMINUM if it is going to Close Below your Buy Price, or $12.83.
EXIT EWZ BRAZIL FUND if it is going to Close Below your Buy Price, or $38.56.
EXIT EXEL EXELIXIS INC. if it is going to Close Below your Buy Price, or $21.85.
We are LOWERING the SELL STOP on ARRY ARRAY BIO to $10.64, as it is back in the Green Zone and still Above the Red Line.
Click for WATCH LIST
Click for PORTFOLIO (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.
When you say, “We will not log, as the Markets are Way Above the Green Lines,” are you referring to the specific stock or the markets in general? If it is the market, which market index are you using? Whether it is the stock or a market, what is the threshold that you believe makes the market too far above the green line?
Thanks!
Right now we are referring to the Markets in general could be “Double Topping”, creating the first decline since the Election began…
Way Above the Green Line means that those who Buy now, will have a sick feeling when the Investment RETURNS to the Green Line.