The Markets are up slightly today, but Buyers are cautious. The S&P 500 is still trying to hold the Pink Line (10-day avg.) as there is not much Selling without news.
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.
AKS AK STEEL Money Wave Buy today if Closes > 20.
AMD ADVANCED MICRO Money Wave Buy today if Closes > 20.
LUV SOUTHWEST AIR We will not log, as it is Way Above the Green Line.
RF REGIONS FINANCIAL We will not log, as it is Way Above the Green Line.
XLF FINANCIAL FUND We will not log, as it is Way Above the Green Line.
SELLS
EXIT TSRO if it is going to Close below the Pink Line of $148.60.
ON DECK to Buy soon: GS PIR RSX Wait for GREEN ZONE BUYS. We will email or text when they are ready.
Click for WATCH LIST
Click for OPEN POSITIONS
Click 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.