Markets were up slightly today on more low Volume. No Good News today, so the Buyers won’t Buy without a reason. The low Volume indicates that ALL 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 S&P 500 needs to Close back above the Pink Line (10-day avg.) of 3122 to bring in more buying.
Please 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 the FEAR has faded.
Crude Oil was down $0.02 today at $58.41.
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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 12/05/2019
WU WESTERN UNION CO. Money Wave Buy today. WU will not be logged, as the Volume is below average of 6.6 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.)
PSX PHILLIPS 66
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AMAT APPLIED MATERIALS CO. Medium Term Buy when it Closes above the Pink Line of $56.84.
INTC INTEL CORP.
ITB HOME BUILDING FUND Money Wave must Close in the Green Zone.
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 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.