Markets were down slightly today on mild profit taking from Friday. The Indices are re-testing the recent Highs. Now the Indices need to make new Highs for this rally to continue, but the Volume is low.
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 up slightly today.
Crude Oil was down $0.26 today at $59.00.
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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 12/09/2019
ARDX ARDELYX INC. Money Wave Buy today. ARDX will not be logged as it is already up 5 % today.
GE GENERAL ELECTRIC CO. Does not meet the Rules as the Relative Strength is Below 80 required for Large Caps.
INTC INTEL CORP. Money Wave Buy today. INTC will not be logged as the Volume is below average of 17.7 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.)
CVNA CARVANA CO.
PSX PHILLIPS 66
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AMAT APPLIED MATERIALS CO. Medium Term Buy when it Closes above the Pink Line of $56.93 on High Volume.
BDSI BIODELIVERY SCIENCES
VGR VECTOR GROUP LTD.
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
UNG US NATURAL GAS FUND LOWER the Sell Stop Loss to $16.00 until it bottoms.
CI CIGNA CORP. EXIT if it is going to Close below your Buy Price, or $196.74. 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.