
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.
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.
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