Markets Gapped Up today as many Leaders were down near or in the Green Zones for Money Wave Buy Signals. However, the Volume is very low which indicates that some don’t feel that the Market has bottomed yet on this cycle. The Watch List buys are not popping very well with the Low Volume.
The Indices have bounced up off their Red Lines (50-day avgs.) Now the S&P 500 needs to Close back above the Pink Line (10-day avg.) of 3121.
Please be patient and WAIT for the Leaders to return to their Green Zones and Money Wave Buy Signals soon.
The best trades are when the S&P 500 Index is ALSO on the Green Zone.
Bonds were down today as stocks rallied.
Crude Oil was up $0.31 today at $56.37.
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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 12/04/2019
AMKR AMKOR TECH Medium Term Buy today. Target is $15.00. EXIT if it is going to Close below the Red Line of $11.50.
CI CIGNA CORP. Money Wave Buy today. CI will not be logged, as the Volume is below average of 2.0 Mil.
EWT TAIWAN FIND Money Wave Buy today. EWT will not be logged, as the Volume is below average of 3.8 Mil.
TGT TARGET CORP Money Wave Buy today. TGT will not be logged, as the Volume is below average of 5.0 Mil.
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.)
AMAT APPLIED MATERIALS CO.
WU WESTERN UNION CO.
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INTC INTEL CORP.
ITB HOME BUILDING FUND Money Wave must Close in the Green Zone.
PSX PHILLIPS 66
SMH SEMICONDUCTOR FUND 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
LEG LEGGETT & PLATT LEG Closed below Support yesterday and was Stopped out at $51.75. 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.