Markets will Close on Christmas Eve tomorrow at 1:00 pm EST.
Markets were up again today on Buying from Retail Investors that are normally Bullish. The Herd does not want to miss the Christma Rally. Emotions are very High now, so be cautious.
The Indices and Leaders are very over-bought so expect some profit taking when the Institutional Money returns from the Holidays. Recent Money Wave pops have not very good without decent Market corrections.
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 down slightly today.
Crude Oil was up $0.20 today at $60.64.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 12/23/2019 NONE TODAY
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
ADT ADT INC.
BLDR BUILDERS FIRSTSOURCE INC.
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).
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.