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May 9, 2017

Money Wave Alert! May 9, 2017

QQQ Chart
Caution! NAZ 100 is Way Above the Green Line!

 

Markets  still cannot decide to push up thru Resistance, or Fail today. The S&P 500 is still barely holding Above the Pink Line (10-day avg.) to avoid a Short Term Sell Signal.  The DOW, NYSE & Transport Indices have still not made it back up to the March Highs.  

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:   SLM   SLM HOLDINGS   Money Wave Buy today.  We will not log, as the Markets are Way Above the Green Lines.

VRTX   VERTEX PHARM   Money Wave Buy today.  We will not log, as the Markets are Way Above the Green Lines.

Money Wave Buy Signals soon:  EXEL   EXELIXIS INC.  SCSS   SELECT COMFORT,  TEX   TEREX CORP.  &   XBI   BIOTECH FUND.  We will email you when they are ready. Click on WatchList

 

SELLS TODAY:  EXIT KBE   BANKING INDEX if it is going to Close Below your Buy Price, or $43.02.

EXIT PLUG   PLUG POWER if it is going to Close Below your Buy Price, or $2.29.

 

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 2:43 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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