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May 18, 2017

Money Wave Alert! May 18, 2017

QQQ Chart
NASDAQ 100 should Try the Highs Again.

 

The Markets are bouncing today, as the S&P 500 is trying to Close back Above the Red Line (50-day avg.) to avoid a Medium Term Sell Signal.  The Strongest Indices have not come down much (Naz 100, Semis & Techs), but did Close Below the Pink Lines for Short Term Sell Signals. The Strongest Indices should go back up again soon to re-test the recent Highs.

We are looking to Buy Investments that just made fresh new Highs (AAPL DDD EA JD MAR SINA, etc.)  The very Strongest will probably re-test the Highs again, before they come back down in their Green Zones for Money Wave Buys.  

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:   CSX   CSX CORP   Probably a Money Wave Buy today, if the Indicator stays > 20.

Money Wave Buy Signals soon:     DV   DEVRY INC,   EXAS   EXACT SCIENCES, &  SCSS   SELECT COMFORT,   VIAV   VIAVI SOLUTIONS  &   WDC   WESTERN DIGITAL.  We will email you when they are ready. Click on WatchList

 

SELLS TODAY:  NONE TODAY

 

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 2:34 pm Leave a Comment

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Voted #1 at Stock Charts

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

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