Markets were down today as some of the Indices could not make New Highs yesterday. The S&P 500 Index is struggling to stay above the Pink Line (10-day avg. ) of 3364 to avoid a Short Term Sell Signal.
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 up today and are over-bought.
Crude Oil was up $0.41 today at $53.90.
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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 2/20/2020
BX BLACKSTONE GROUP Relative Strength is Below 90. BX will not be logged.
LLY ELI LILLY & CO. Money Wave Buy today. LLY will not be logged as the Volume is way below average of 3.6 MIL.
TRIL TRILLIUM THERA. Money Wave Buy today. TRIL will not be logged as it is already up 10 % 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.)
NONE TODAY
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ABBV ABBVIE INC. Money Wave must Close in the Green Zone.
BMY BRISTOL MEYERS Money Wave must Close in the Green Zone.
GE GENERAL ELECTRIC (Click for info)
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
GGB GERDAU USA EXIT if it is going to Close below Support of $4.58. This trade was not logged.
PLUG PLUG POWER This is having massive Distribution Volume today (66 MIL). If you own some, you might want to take profits (Up 37 %). 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.
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