The Markets are slowly running out of Buyers, and dropped 1% this morning before rallying back up near the Close. The S&P 500 fell below the Pink Line (10-day avg.) today, but has recovered again, to avoid a Short Term Sell Signal. It is still struggling around the December High of 2277… So far it is not a Good Break-Out on the S&P 500.
Yes, this gets OLD, Waiting for a pull-back. But the Euphoria of Human Emotion (VIX Indicator) says it will correct.
FAILURE here could cause SELLING. Very few New Highs this time up, makes for Caution! Money Wave Buys are not Bouncing well… TIRED, NARROW MARKET.
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.
BHI BAKER HUGHES INC We will not log this trade, as Volume is below average.
OAS OASIS PETROLEUM Money Wave Buy today.
SELLS
EXIT MU if it Closes Below your Buy Price, or $22.36.
EXIT NVDA if it Closes Below your Buy Price, or $103.11.
ON DECK to Buy soon: WNR 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, 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.