Markets were up again today on very low Holiday Volume. So far no Sellers this week. Several Open Positions in the Portfolio might get Stopped Out soon. 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. There is only 1 Investment on the Watch List (WAIT).
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 today.
Crude Oil was up $0.60 today at $61.67.
______________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 12/26/2019
GOOGL GOOGLE INC. Money Wave Buy today. GOOGL will not be logged as the Volume is below average of 1.4 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.)
NONE TODAY
_____________________________________________________________________________________________________________________________________________________
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
ARDX ARDELYX INC. EXIT if it is going to Close below the Pink Line around $7.77. This trade was not logged.
SGEN SEATTLE GENETICS INC. EXIT if it is going to Close below your Buy Price, or $113.87. 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.
Leave a Reply
You must be logged in to post a comment.