The Markets are still holding up well, even with most of the Leading Funds in the Red Zones (probably too late to Buy for the Short Term). The NASDAQ 100 is the Strongest Index for the month of February. When the Markets will finally correct, there should be a good trade on QQQ near the Red Line.
The Reward / Risk ratio of investing now is poor, so please do not Buy unless you are VERY NIMBLE, as the Leaders are still Way Above the Green Lines.
We are waiting for the S&P 500 to correct back down near 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.
AMD ADVANCED MICRO Money Wave Buy today. We will not log, as AMD is Way Above the Green Line.
MU MICRON TECH Money Wave Buy today. Maybe another pop next week.
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Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).
Don’t Buy if the Investment has already 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.