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December 22, 2016

Money Wave Sell Alert! Dec 22, 2016

Small Caps are Tired!

 

Markets are down slightly today, as the weaker Indices are not bouncing at the Pink Lines (10-day avgs.) Recent Money Wave Pops are pitiful, indicating that the Trump Rally needs a correction soon.

The S&P 500 is struggling to re-test the Highs of last week on low Volume (S&P is now 17 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. 

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!  

NONE
SELLS

Exit  EXEL   EXELIXIS INC  today if it is going to Close Below $16.10.           

Exit  AMKR  AMKOR TECHNOLOGY  today if it is going to Close Below $11.01.     

Exit  STLD  STEEL DYNAMICS  today if it is going to Close Below $37.37.   

Exit  ECA  ENCANA CORP  today if it is going to Close Below $12.42. 

  

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 2:22 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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