Can Apple Make a New High this time Up?
The Markets are up again today on low Volume, as the Strongest Indices (Naz 100, Semis & Techs), are going back up again to re-test the recent Highs. Looks like AAPL will give us the clue soon. We should find out soon how much money is left to Buy into the Markets at these levels. Failing to make New Highs should cause selling.
The S&P 500 is back Above the Red Line (50-day avg.) and avoided a Medium Term Sell Signal. Resistance on the S&P 500 is at 2405.
The very Strongest Investments just made fresh new Highs recently(AAPL DDD EA JD MAR SINA, etc.) Wait for the Leaders 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: EXAS EXACT SCIENCES Money Wave Buy today. We will not log as EXAS is already up > 3%.
VIAV VIAVI SOLUTIONS Money Wave Buy today. We will not log as VIAV is already up > 3%.
WYNN WYNN RESORTS Money Wave Buy today. We will not log as WYNN is Way Above the Green Line.
Money Wave Buy Signals soon: DV DEVRY INC, MDXG MIMEDX GROUP, & SCSS SELECT COMFORT. 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.
we are going to correct nicely. too many stocks listed on NYSE are above 200ma. By at least 15%.