The Markets are up again today, as nobody has a reason to Sell. The S&P 500 has rallied above the 2301 High of Jan. 26th to 2332. That makes 2301 Support for later this week… Watch out if the Support does not hold (not many good New Highs in stocks).
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.
STM STMICROELECTRONICS Money Wave Buy today. We will not log, as it is Way Above the Green Line.
ON DECK to Buy soon: CARA CARA THERAPEUTICS MU MICRON TECH & NVDA NVIDIA CORP We will email when they are ready.
SELLS
EXIT RIO today on the Close, or put in a tight Sell Stop Loss.
EXIT URA today on the Close, or put in a tight Sell Stop Loss.
We are Lowering Sell Stop Loss on SN to $12, as it is still Correcting down near the Red Line.
Please monitor the OPEN POSITIONS Page and update your Sell Stop Losses. Several are back up in the Red Zones.
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.
Not receiving email alerts last couple of days
Thanks for writing. Some emails have been going to Bulk or Spam Folders lately.
All Emails are posted on the web site under Commentary… Intra-day emails are below Buy / Sell Signals.
Please go to your Comcast Web Mail and make sure AbovetheGreenLine is not being blocked as Bulk Mail, or Spam.
Thank you.
ok will do thanks
You are welcome!
So I bought URA when the money wave buy occurred and I sold today per your sell text for a nice profit. But can you explain what the sell signal was on URA today? I thought the exit was the 10 day MA as a trailing stop, but price today was well above that.
What was the criteria for the sell signal today?
Yes, you are correct. The normal Sell Signal would be to wait for a Close Below the 10-day avg.
URA was up 11% in a week, and the Reward / Risk for another 3-5% is probably 1:1, so we went to CASH.
The stock is Way Above the Green Line, at the top Bollinger Band, and the Mkts are sky High. If we waited for a normal Sell on the Close, we could have ended up being out at $17.50 or less.
Thank you for writing!