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December 15, 2016

Money Wave Buy Alert! Dec 15, 2016

Markets are Extremely Over-Bought!

The Markets have recovered from yesterday’s selling from the FED finally RAISING THE FED FUNDS RATE to 1/2%. The Reward / Risk  ratio of investing now is poor, so we suggest staying in Cash. Several Stocks have pulled back into the Green Zones, and have Money Wave Buy Signals today … Please do not Buy then unless you are VERY NIMBLE, as they are still Way Above the Green Lines.

If the S&P 500 fails up here, it would normally correct back down to 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.

AMKR       AMKOR TECHNOLOGY              Buy Signal, but Reward / Risk is poor.      

CLF   CLIFFS NATURAL RESOURCES        Buy Signal, but Reward / Risk is poor.    

EXEL     EXELIXIS INC                                   Buy Signal, but Reward / Risk is poor.

STLD   STEEL DYNAMICS                              Buy Signal, but Reward / Risk is poor.

 

ON DECK:   EXEL  GGB  KTOS   TECK  & VALE.P  XME 

Click for  WATCH LIST   

Click for  STOCKCHARTS LIST    

Click for  OPEN POSITIONS

Many like to buy the day before, if the Investment has not 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.

Posted By AbovetheGreenLine at 2:41 pm 2 Comments

Comments

  1. macdme says

    December 15, 2016 at 2:51 pm

    I am so glad I am not the only one thinking about risk/reward. Several stocks setting up but not having a good feeling. What an awesome site!

    Log in to Reply
  2. AbovetheGreenLine says

    December 15, 2016 at 3:03 pm

    Yes, most Investors let their Emotions take over, and pile in on HOPE…

    If the Reward / Risk is not 2:1 or better, why do it?

    Thank you for your kind comment!

    Log in to Reply

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

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