Markets Gapped Up today on Good News, as the Indices are re-testing last week’s Highs. Now the Indices need to make new Highs for this rally to continue, but the Volume is low.
The S&P 500 should Close back above the Pink Line (10-day avg.) of 3126 to abort the Short Term Sell Signal.
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 again today as the FEAR has faded.
Crude Oil was up $0.61 today at $59.04.
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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 12/06/2019 NONE TODAY
THERE WILL BE NO LONG TERM BUYS THIS WEEK.
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 $56.86 on High Volume.
ARDX ARDELYX INC.
CVNA CARVANA CO.
INTC INTEL CORP. Relative Strength is Below 80 required for Large Caps.
ITB HOME BUILDING 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
AG FIRST MAJESTIC SILVER EXIT if it is going to Close below your Buy Price, or $10.82. This trade was not logged.
GDX GOLD MINERS FUND EXIT if it is going to Close below the Pink Line around $27.06. 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.
HAVE A NICE WEEKEND!