The Markets are mixed today, and the S&P 500 still wants to try the 2301 High of Jan. 26th again. Eventually the S&P will Double Top, and correct back down to the Red Line (50-day avg.)
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.
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
ON DECK to Buy soon: FCX FREEPORT-MCMORAN INC, RIO RIO TINTO PLC, TECK TECK RESOURCES, URI UNITED RENTALS, & VALE VALE SA.
Wait for GREEN ZONE BUYS (>20). We will email or text when they are ready.
SELLS
EXIT MS if it is going to Close Below your Buy Price, or $44.43.
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.