The Markets are down today, as Buyers are cautious. The S&P 500 has broken the Pink Line (10-day avg.) but still not much Selling without news.
Maybe the Inauguration News will rock the Markets out of this 5 week Sideways period! Yes, this gets OLD, Waiting for a pull-back. But the Human Emotion will get tired.
The Reward / Risk ratio of investing now is poor, so please do not Buy then 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.
NONE TODAY
SELLS
EXIT MDR if it is going to Close below the Pink Line of $7.45.
ON DECK to Buy soon: AKS AMD GS LUV PIR RF RSX XLF Wait for GREEN ZONE BUYS. We will email or text when they are ready.
Click for WATCH LIST
Click for OPEN POSITIONS
Click for CLOSED POSITIONS
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.