OK, stop whining that the Markets will NEVER drop down for another entry Buy point. Look at the S&P Chart above, and SHOW me when it does NOT RETURN to the Red Line (50-day Average)… We are patiently WAITING for that… Most do not have the DISCIPLINE to WAIT! They will not have CASH to BUY on the next pull-back. (Their GREED won’t let them Sell, and RAISE CASH).
Markets are mixed 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.
GGB GERDAU SA Buy Signal probably today, but Reward / Risk is poor.
XME METALS AND MINING ETF Buy Signal probably today, but Reward / Risk is poor.
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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.
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