The Markets are down today, as most of the Leaders were over-bought and back up in the Red Zones (probably too late to Buy for the Short Term). The S&P 500 is down below the January High of 2282, so that will not become Support (Bearish).
Most of the Super Strong Leaders are trying to bounce off their Pink Lines (10-day avgs.), and might try the Highs again very soon… Try to EXIT of AVOID Investments that did not make New Highs last week. This might be the CLIMAX.
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.
NONE TODAY Make sure you have Sell Stop Losses under ALL POSITIONS or you might get STUCK!
ON DECK to Buy soon: NBR Wait for GREEN ZONE BUYS. We will email or text when they are ready.
SELLS
EXIT GS if it is going to Close Below the Pink Line of $234.73.
EXIT OAS if it is going to Close Below Support of $14.15.
EXIT RIG if it is going to Close Below your Buy Price, or $14.90.
Please monitor the OPEN POSITIONS Page and update your Sell Stop Losses. Several are back up in the Red Zones.
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.