Markets were higher today on Good News of the China Trade Signing. The Money Wave Buy Signals are not popping well with the Markets so High. Markets are currently over-bought and many Leaders are up in their Red Zones (probably too late to Buy for the Short Term).
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 again today, and are trying to Close above the down-trend line.
Crude Oil was down $0.25 today at $57.98.
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The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 1/15/2020
HL HECLA MINING CO. Money Wave Buy today. HL will not be logged as the Volume is below average of 9.5 MIL.
RAD RITE AID CORP. Money Wave Buy today. RAD will not be logged as it is already up 5 % today. We will try to buy in a day or so.
SBGL SIBANYE GOLD LTD. Money Wave Buy today. SBGL will not be logged as it is already up 3 % today.
TSG THE STARS GROUP Money Wave Buy today. TSG will not be logged as the Volume is below average of 1.5 MIL.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
“JUMP START” Candidates: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
NONE TODAY
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ARWR ARROWHEAD PHARM Medium Term Buy if it Closes above the Pink Line of $59.16 on High Volume.
LEG LEGGETT & PLATT Medium Term Buy if it Closes above $51.67 on High Volume.
NAT NORDIC AMER. TANKERS
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).
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SELLS TODAY
EWT TAIWAN FUND EXIT if it is going to Close below the Pink Line around $41.15. This trade was not logged.
MU MICRON TECH EXIT if it is going to Close below the Pink Line around $56.47. This trade was not logged.
QRVO QURVO INC. EXIT if it is going to Close below your Buy Price, or $112.92. This trade was not logged.
TGT TARGET CORP. EXIT if it is going to Close below Support of $122.66. 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.