The Markets are down today, as the S&P 500 is struggling below the December Highs of 2277… FAILURE could cause SELLING. Very few New Highs this time up, makes for Caution!
The Strongest Leaders have bounced up from the Green Zones, and some are already near the Red Zones (probably too late to Buy for the Short Term).
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.
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Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
MDR MCDERMOTT INT’L. Money Wave Buy today.
SELLS
EXIT ECA if it is going to Close Below your Buy Price, or $12.96.
EXIT UAL if it is going to Close Below $73.02.
EXIT X if it is going to Close Below your Buy Price, or $37.33.
EXIT XLF if it is going to Close Below your Buy Price, or $23.51.
We suggest SELLING NBR NABORS INDUSTRIES on today’s CLOSE (Way Above the Green Line).
ON DECK: NONE Wait for GREEN ZONE BUYS. We will email or text when they are ready.
Click for WATCH 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.