The Markets are mixed today from worries about the Health Care vote tonite (Cancelled). Markets are Over-Sold, and the S&P 500 is down near the Red Line (50-day avg.). Normally the S&P will try to bounce soon, and re-test the recent Highs.
Many Leaders are back down in the Green Zones, for Buy Signals soon. The Leaders that hold Above the Red Lines usually Pop the best.
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: RF REGIONS FINANCIAL Money Wave Buy today.
ON DECK to Buy soon: Too many to list… Please click on WatchList or see Chart above. We will email when they are ready.
SN SANCHEZ ENERGY is currently slightly Below the Green Line, but for the Long Term Portfolio, we use a Weekly Chart. SN would have to Close below $9.14 tomorrow to create a Sell.
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.