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.
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.