The Markets are mixed today, as the S&P 500 struggles at the Pink Line (10-day avg.) to avoid a Short Term Sell Signal. So far last week’s Break-Out to 2282 was not Good, on the S&P 500.
Maybe the Inauguration News will rock the Markets out of this 5 week Sideways period! Yes, this gets OLD, Waiting for a pull-back. But the Euphoria of Human Emotion (VIX Indicator) says it will correct.
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.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
STLD STEEL DYNAMICS INC We will not log, as it is already up over 4% today.
X US STEEL We will not log, as it is already up over 8% today.
SELLS
We are lower the Sell Stop on OAS to $14.30, since it is back in the Green Zone.
ON DECK to Buy soon: AKS AMD PIR RSX Wait for GREEN ZONE BUYS. We will email or text when they are ready.
Click for WATCH LIST
Click for OPEN POSITIONSClick for CLOSED POSITIONS
Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).
Don’t Buy if the Investment has already 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.