Markets Gapped Up today on Fearless Buying, as the Herd does not want to miss the rally (that began in January on Bad News). Looks like nobody want to Sell before Christmas. Emotions are very High now, so be cautious.
Most of the Leaders are very over-bought so expect some profit taking soon. Recent Money Wave pops are not very good without decent Market corrections.
The Watch List is currently very small, which normally means that 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 mixed again today after becoming over-sold.
Crude Oil was down $0.92 today at $60.26.
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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 12/20/2019
EXPR EXPRESS INC. Medium Term Buy today. Target is $6.40. EXIT if it is going to Close below Support of $4.69.
BHC BAUSCH HEALTH CO. Money Wave Buy today. BHC will not be logged as the Volume is below average of 4.3 MIL.
KDMN KADMON HOLDINGS INC. Money Wave Buy today. KDMN will not be logged as the Volume is below average of 1.75 MIL.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
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.)
“JUMP START” Candidates: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
NONE TODAY
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BLDR BUILDERS FIRSTSOURCE INC. Money Wave must Close in the Green Zone.
BMY BRISTOL MYERS 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).
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SELLS TODAY NONE TODAY
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!
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