Money Wave Alert! Mar 17, 2017

 

Happy St. Patrick’s Day

The Markets  are up slightly, as the S&P 500 struggles back up to re-test the 2401 Highs… Failing to make new highs should cause selling. The rally that we were expecting has not been very powerful, as the Financials and Transports are not participating this time.

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:   MAYBE  GV   GOLDFIELD CORP.   today. We will not log, as the recent decline was very STEEP… It might pop up to the Red Line, then back down again on “W” pattern.

 

 

ON DECK to Buy soon:    CFG    CITIZENS FINANCIAL.   We will email when it is ready.

 

SELLS

EXIT  ARRY   ARRAY BIO   if it is going to Close Below Support of  $10.64.

EXIT   CSX    CSX CORP.   if it is going to Close Below Support of  $47.40.

EXIT   GS    GOLDMAN SACHS   if it is going to Close Below Support of  $245.41.

EXIT   JPM   JP MORGAN   if it is going to Close Below Support of  $91.36.

EXIT   MS    MORGAN STANLEY  if it is going to Close Below Support of  $45.68.

 

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.