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December 16, 2016

Money Wave Buy Alert! Dec 16, 2016

Financials are Struggling to Stay Above Pink Line.

 

The Markets are mixed today, as the Leaders are very Over-bought. 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.

KTOS     KRATOS DEFENSE          Buy Signal probably today, but Reward / Risk is poor.      
VALE     VALE S A                            Buy Signal probably today, but Reward / Risk is poor.  

 
ON DECK:  BBY  CHK  ECA  GGB  NBR   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 1:58 pm 1 Comment

Comments

  1. timmdd says

    December 16, 2016 at 3:45 pm

    i am not sure what market makers action looks like but i was going to put a $1.00 TRAILING STOP ON TECk on wednesday i think it was and the quote line was running like a gas pump pumping and before i knew it the quote was down $1.50 or so and then started a little run back the other way.whatever was happening scared me away from TECK and i am taking your advice to step aside from the chaos and wai a little while.

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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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