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December 21, 2016

Money Wave Buy Alert! Dec 21, 2016

We will WAIT for the S&P to RETURN to the 50-day avg.

 

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.  

  

ON DECK:  BBY  VALE  & VALE.P  

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 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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