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December 20, 2016

Money Wave Buy Alert! Dec 20, 2016

The Broad New York Exchange is Struggling Today!

 

The Markets are up again today, as the Indices re-test the Highs of last week on low Volume (S&P is 5 points from last week’s High). 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.

NBR     NABORS INDUSTRIES      Buy Signal probably today, but Reward / Risk is poor.  

TECK   TECK RESOURCES             Buy Signal probably today, but Reward / Risk is poor.  

 

SELLS

Exit WNR today if it Closes below $39.03.  

 
ON DECK:  BBY   GGB   VALE  & 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 2:06 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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