The Markets are finally down some today, on low Holiday Volume. The S&P has so far failed to reach the December high of 2278.
Leaders are very Over-bought. 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.
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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.
CLF CLIFFS NAT’L RESOURCES Buy Signal probably today… We will log this trade.
SELLS
EXIT CHK if it is going to Close below your Buy Price, or $7.31.
Exit HL if it is going to Close below your Buy Price, or $5.34.
EXIT NBR if it is going to Close below the Pink Line of $16.20.
ON DECK: BBY & ECA We will email or text when they are ready.
Click for WATCH LIST
Click for STOCKCHARTS 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.