Markets will be Closed tomorrow for NEW YEARS DAY.
Markets were mixed today, but bounced up off the morning Lows. The Leaders are slowly fading back down to the Green Zones for Money Wave Buys soon. Try to concentrate on Investments that made recent New Highs. Emotions are very High now, so be cautious.
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 today.
Crude Oil was down $0.51 today at $61.09.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 12/31/2019
ARDX ARDELYX INC Money Wave Buy today. ARDX will not be logged as the Volume is below average of 1 MIL.
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
RH RESTORATION HARDWARE
BBY BEST BUY CO. Money Wave must Close in the Green Zone.
LEG LEGGETT & PLATT Medium Term Buy if it Closes above $51.67 on High Volume.
LLY ELI LILLY & CO. Money Wave must Close in the Green Zone.
MU MICRON TECH. Money Wave must Close in the Green Zone.
NVDA NVIDIA CORP. Money Wave must Close in the Green Zone.
ROKU ROKU INC. 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).
BLDR BUILDERS FIRSTSOURCE EXIT if it is going to Close below your Buy Price, or $25.43. This trade was not logged.
TGT TARGET CORP. EXIT if it is going to Close below the Pink Line around $128.58. 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.
HAPPY NEW YEAR!