The Markets are up today, as the S&P 500 has been able to go 5 points above the December High of 2277… But the Volume is low and so far it is not a Good Break-Out. The DOW seems determined to trade at 20000.
FAILURE here could cause SELLING. Very few New Highs this time up, makes for Caution!
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.
NVDA NVIDIA CORP We will not log, as it is Way Above the Green Line.
SMH SEMICONDUCTOR FUND We will not log, as it is Way Above the Green Line.
SELLS
NONE
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.