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December 12, 2019

Money Wave Alert! Dec 12, 2019

SPX Chart
Markets made New Highs on the Good China News, but are Way Above the Green Lines.

 

Markets were strong today as it looks like a China Trade Deal is done in principle. That is the Good News that the Markets have been discounting for months, so Smart Money should be taking profits soon. Most of the Leaders are up in the Red Zones (probably too late to Buy for the Short Term). Emotions are very High now, so be cautious.

The Indices were able to exceed the late Nov. Highs, which is Bullish.

Please WAIT for the Leaders to return to their Green Zones and Money Wave Buy Signals soon. The best trades are when the S&P 500 Index is ALSO on the Green Zone.

Bonds  were down today on strong Economy hopes.

Crude Oil was up $0.61 today at $59.37.

______________________________________________________________________________________________________

The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.

 

BUYS TODAY    12/12/2019     

 

AG     FIRST MAJESTIC SILVER     Medium Term Buy today. Target is $12.00.  EXIT if it is going to Close below Support of $10.37.

 

LITE     LUMENTUM HOLDINGS    Money Wave Buy today. LITE will not be logged as it is already up 7.0 % today. 

PSX     PHILLIPS 66     Money Wave Buy today. PSX will not be logged, as the Volume is below average of 2.4 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.)     

BDSI     BIODELIVERY SCIENCES 

_____________________________________________________________________________________________________________________________________________________    

ACAD     ACADIA PHARMA.    

PSX     PHILLIPS 66  

SGEN     SEATTLE GENETICS 

 

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).

______________________________________________________________________________________

SELLS TODAY

   

RH     RESTORATION HARDWARE     EXIT if it is going to Close below the Pink Line around $220.90.  This trade was not logged. 

 

Check   PORTFOLIO  (Open Positions) and adjust your Sell Stops.

Click for  CLOSED POSITIONS.

NEW! TOP 100 LIST

 

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.

Posted By AbovetheGreenLine at 2:45 pm 2 Comments Tagged With: premium

Comments

  1. yugen says

    December 16, 2019 at 11:26 am

    smoked that AG call, sold this morning. thank you.

    Log in to Reply
    • AbovetheGreenLine says

      December 16, 2019 at 11:30 am

      Nice!

      Thank you.

      Log in to Reply

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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