The Markets are mixed again today, as most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term). The S&P 500 should go down to test the January High of 2282 to see if that becomes Support. Volume has not great, and very few Stocks are making new Highs, which is not Bullish. This might be the CLIMAX.
The Reward / Risk ratio of investing now is poor, so please do not Buy then unless you are VERY NIMBLE, as the Leaders are still Way Above the Green Lines.
We are waiting for the S&P 500 to correct back down near the Red Line (50-day avg.) to set up for a good bounce.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
NONE TODAY Make sure you have Sell Stop Losses under ALL POSITIONS or you might get STUCK!
ON DECK to Buy soon: NBR Wait for GREEN ZONE BUYS. We will email or text when they are ready.
EXIT RSX on the Close today, or put in a tight Sell Stop Loss, if you are Short Term.
EXIT RIG if it is going to Close Below your Buy Price, or $14.90.
Please monitor the OPEN POSITIONS Page and update your Sell Stop Losses. Several are back up in the Red Zones.
Click for WATCH LIST
Click for 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.