Markets were down again today as many Indices fell below their Pink Lines (10-day avgs. ) which normally creates a Short Term Sell Signal. The S&P 500 Index is trying to hold above the January High of 3338, which would be Bullish.
Most Leaders & Indices are quickly coming back down to their Green Zones for Money Wave Buy Signals soon. Please be patient and WAIT for these to return to their Green Zones.
The best trades are when the S&P 500 Index is ALSO on the Green Zone,
Bonds were up big today and are over-bought.
Crude Oil was down $0.48 today at $53.40.
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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 2/21/2020 NONE TODAY
THERE WILL BE NO LONG TERM TRADES THIS WEEK. (We missed a tiny one PLG, up 34 % 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.)
NONE TODAY
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ABBV ABBVIE INC. Money Wave must Close in the Green Zone.
BMY BRISTOL MEYERS Buy when it Closes above the Pink Line of $66.21 on High Volume.
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
APO APOLLO GLOBAL MGMT. EXIT if it is going to Close below your Buy Price, or $46.18.
HZNP HORIZON THERA. EXIT if it is going to Close below your Buy Price, or $35.57. This trade was not logged.
PHM PULTE GROUP INC. EXIT if it is going to Close below the Pink Line around $46.61. This trade was not logged.
TRIL TRILLIUM THERA. EXIT if it is going to Close below your Buy Price, or $4.16. 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.
HAVE A NICE WEEKEND!