Markets were back up today as the S&P 500 Index bounced up off the Pink Line (10-day avg. ) of 3352 yesterday to avoid a Short Term Sell Signal. The S&P 500 Index was able to exceed last week’s High of 3385, which is Bullish. The DOW 30, Small Caps and NYSE are currently lower than last week. The low Market Volume is not encouraging.
Most Leaders & Indices are currently back up near the Red Zones (probably too late to Buy for the Short Term). Please WAIT for these to return to their Green Zones for Money Wave Buy Signals. It does not take that long.
The best trades are when the S&P 500 Index is ALSO on the Green Zone,
Bonds were mixed today and over-bought.
Crude Oil was up $1.27 today at $53.32.
______________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 2/19/2020
NK NANTKWEST INC. Money Wave Buy today. NK will not be logged as the Volume is way below average of 2.5 MIL.
TSG THE STARS GROUP Money Wave Buy today. TSG will not be logged as it is already up 5 % today.
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.)
____________________________________________________________________________________________________________
BMY BRISTOL MEYERS Money Wave must Close in the Green Zone.
GE GENERAL ELECTRIC (Click for info)
TRIL TRILLIUM THERA. Buy if it Closes Above $3.92 on High Volume.
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).
___________________________________________________________________________________________________
SELLS TODAY
VIPS VIPSHOP HOLDINGS EXIT if it is going to Close below the Pink Line around $14.01. This trade was not logged.
Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS,
NEW! TOP 100 LIST Updated Jan 28, 2020
Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20 and out of the Green Zone).
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.
Leave a Reply
You must be logged in to post a comment.