The Markets are popping today as the Indices are bouncing off of the Red Lines (50-day avg.). Now they should re-test the recent Highs.
Try to EXIT positions that are not near the recent highs, and ones that are Below the Red Lines.
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.
ADI ANALOG DEVICES Money Wave Buy today. We will not log this trade.
X US STEEL. Money Wave Buy today. We will not log this trade.
SELLS: NONE TODAY The Banks and Financials are still under the Red Lines… If you are uncomfortable with these, please exit, as they could go back down to Swing Low soon.
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.