The Markets are up again today, as the S&P 500 is re-testing the December Highs of 2277… FAILURE could cause SELLING.
The Strongest Leaders have bounced up from the Green Zones. Only Buy Investments that made fresh New Highs. 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.
ECA ENCANA CORP We will not log, as it is already UP 7% today!
MDR MCDERMOTT INT’L. Money Wave Buy today.
MU MICRON TECH We will not log, as it is still Way Above the Green Line.
UAL UNITED CONTINENTAL We will not log, as it is still Way Above the Green Line.
X US STEEL CORP We will not log, as it is still Way Above the Green Line.
SELLS
We suggest SELLING RSX RUSSIA FUND 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.