The Markets have recovered from yesterday’s selling from the FED finally RAISING THE FED FUNDS RATE to 1/2%. The Reward / Risk ratio of investing now is poor, so we suggest staying in Cash. Several Stocks have pulled back into the Green Zones, and have Money Wave Buy Signals today … Please do not Buy then unless you are VERY NIMBLE, as they are still Way Above the Green Lines.
If the S&P 500 fails up here, it would normally correct back down to 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.
AMKR AMKOR TECHNOLOGY Buy Signal, but Reward / Risk is poor.
CLF CLIFFS NATURAL RESOURCES Buy Signal, but Reward / Risk is poor.
EXEL EXELIXIS INC Buy Signal, but Reward / Risk is poor.
STLD STEEL DYNAMICS Buy Signal, but Reward / Risk is poor.
ON DECK: EXEL GGB KTOS TECK & VALE.P XME
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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.