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.
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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 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
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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).
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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.
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.