Archives for 2019
RITE AID CORP. (RAD)
Belonging to the Drug Store industry, Rite Aid Corp. is a $977-million Drug Store chain in the US. The company ranked No. 94 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
The Indices and Leaders are very over-bought so expect some profit taking when the Institutional Money returns from the Holidays.
Short Term Traders should WAIT for the Leaders to return to their Daily Green Zones. The best trades are when the S&P 500 Index is ALSO on the Green Zone.
Bonds were up slightly today, but the Relative Strength has dropped.
Crude Oil was down $0.01 today at $61.67.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 12/27/2019 NONE TODAY
THERE WILL BE NO LONG TERM TRADES THIS WEEK.
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
ARDX ARDELYX INC Money Wave must Close in the Green Zone.
BMY BRISTOL MYERS Money Wave must Close in the Green Zone.
LEG LEGGETT & PLATT Medium Term Buy if it Closes above $51.67 on High Volume.
LLY ELI LILLY & CO. Money Wave must Close in the Green Zone.
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click on Watch List.
Emotions are very high now, so please do not Buy unless you are VERY NIMBLE.
The Leaders are Way Above the Green Lines (all Investments eventually return to their Green Lines).
APPS DIGITAL TURBINE INC. EXIT if it is going to Close below your Buy Price, or $7.88. This trade was not logged.
RH RESTORATION HARDWARE EXIT if it is going to Close below your Buy Price, or $221.10. This trade was not logged.
Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
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.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
HAVE A NICE WEEKEND!