The Markets are lower today from worries about the Health Care vote maybe this hour. Markets are Over-Sold, and the S&P 500 is down near the Red Line (50-day avg.). Normally the S&P will try to bounce soon, and re-test the recent Highs.
Many Leaders are back down in the Green Zones, for Buy Signals soon. The Leaders that hold Above the Red Lines usually Pop the best.
The Reward / Risk ratio of investing now is poor, so please do not Buy unless you are VERY NIMBLE, as the Leaders are still Way Above the Green Lines.
Many Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BUYS: Markets are moving fast at this hour… Be Careful!
CFG CITIZENS FINANCIAL Money Wave Buy today. (at the time of this Post).
EWZ BRAZIL FUND Money Wave Buy today. (at the time of this Post).
EXEL EXELIXIS Money Wave Buy today. (at the time of this Post).
FCAU FIAT CHRYSLER Money Wave Buy today. (at the time of this Post).
XLK TECH INDEX Money Wave Buy today. We will not log, as it is Way Above the Green Line.
ON DECK to Buy soon: Too many to list… Please click on WatchList or see Chart above. We will email when they are ready.
SELLS
EXIT XME METALS & MINING FUND, if it is going to Close Below your Buy Price, or $29.89.
SN SANCHEZ ENERGY is trying to hold at the Green Line, of $9.14, in the Long Term Portfolio. We will lower the Sell Stop to Wednesday’s Support of $8.72, since SN has been up today.
Click for PORTFOLIO (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.
Why was XLF not a buy today?
Looks like it might be, Mike.
It was too Close to call at 3:30 pm!
Was BAC a buy also, saw it yesterday in email but not a buy today or on watch? thanks
Yes, BAC also had a Money Wave Buy Signal near the Close on Friday… We will not log it (already have enough positions). BAC is listed under Portfolio now (Open Positions).
BAC Chart