The Markets are down slightly today, except for the Tech Stocks, as the S&P 500 is still struggling around the December High of 2277… So far it is not a Good Break-Out on the S&P 500.
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 Strongest Leaders are already in 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.
NONE
SELLS
EXIT KTOS if it is going to Close Below your Buy Price, or $7.17.
EXIT AKS if it is going to Close Below your Buy Price, or $10.54.
EXIT CLF if it is going to Close Below your Buy Price, or $8.41.
EXIT IWM if it is going to Close Below your Buy Price, or $135.55.
ON DECK to Buy soon: BHI & WNR
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.
