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May 17, 2017

Money Wave Alert! May 17, 2017

 

SPX Chart
Can the S&P 500 Hold at the Red Line?

 

The broad Markets stalled at the March Highs, and most Funds were in the Red Zones (probably too late to Buy for the Short Term), so traders took profits. The Strongest Indices have not come down much (Naz 100, Semis & Techs), but are falling Below the Pink Lines for Short Term Sell Signals. The Strongest Indices should go back up again soon to re-test the recent Highs.

The S&P 500 is down to the Red Line (50-day avg.) and might hold around there… We are looking to Buy Investments that just made fresh new Highs (AAPL DDD EA JD MAR SINA, etc.) and are pulling back down to the Green Zones. It might take a few days for the Money Waves to come down.  

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.

 

Money Wave Buys soon!  
The Following Investments will probably have a Money Wave Buy Signal 
(Slow Stochastic Closing > 20) on today’s Close.

BUYS TODAY:  NONE TODAY.

Money Wave Buy Signals soon:    CSX   CSX CORP,    DV   DEVRY INC,   EXAS   EXACT SCIENCES, &  SCSS   SELECT COMFORT.  We will email you when they are ready. Click on WatchList

 

SELLS TODAY:  

EXIT    EXEL   EXELIXIS INC. if it is going to Close Below Support of  $21.36.

EXIT   AAPL    APPLE INC. if it is going to close Below the Pink Line of $152.48.

EXIT   CARA   CARA THERA  if it is going to Close Below your Buy Price, or $15.92.

EXIT   DLPH   DELPHI AUTO   if it is going to Close Below Support of  $86.29.

EXIT   ITB   HOME BUILDING FUND   if it is going to close Below the Pink Line of $32.50.

EXIT   PAH   PLATFORM SPECIALTY   if it is going to Close Below your Buy Price, or $13.66.

EXIT   SAN   SANTANDER BANK   if it is going to Close Below your Buy Price, or $6.74.

EXIT   VRTX   VERTEX PHARM    if it is going to Close Below your Buy Price, or $116.63.

 

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 Buys.

Posted By AbovetheGreenLine at 2:37 pm Leave a Comment

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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