Markets were down today as the Institutions took profits from the Holiday rally last week. The S&P 500 Index will probably Close below the Pink Line (10-day avg.) of 3125, which would create a Short Term Sell Signal.
Please be patient and WAIT for the Leaders to return to their Green Zones and Money Wave Buy Signals soon. Best trades are when the S&P 500 Index is ALSO on the Green Zone.
Bonds were down today and TLT will probably get Stopped Out.
Crude Oil was up $0.89 today at $55.99.
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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 12/02/2019
TSLA TESLA INC. Money Wave Buy today. TSLA will not be logged as today’s Volume is below average of 8.8 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 (NEW): (Buy Signal should be very soon… Click on the Jump Start link for more info.)
NONE TODAY
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CTL CENTURYLINK INC. Money Wave must Close in the Green Zone.
PSX PHILLIPS 66
QCOM QUALCOMM CORP. Relative Strength is Below 90.
TGT TARGET CORP.
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
GNC GNC HOLDINGS EXIT if it is going to Close Below Support of $2.84. This trade was not logged.
ITB HOME BUILDERS FUND EXIT if it is going to Close Below your Buy Price, or $45.28. This trade was not logged.
ROKU ROKU INC. EXIT if it is going to Close the Pink Line around $156.98. This trade was not logged.
TLT US GOV’T BOND FUND EXIT if it is going to Close the Pink Line around $139.82. 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.