Markets “Gapped Up” today as many Money Wave Buy Signals kicked in after the Markets bounced up off the Red Lines (50-day avgs.) The Strongest Leaders should go back up to re-test the recent Highs, but the Low Volume indicates a lack of good Buyers.
The S&P 500 Index is going back up to re-test January Highs. The NASDAQ 100 Fund is back on Highs today. The Market should be returning back to normal Green Zone – Red Zone trading zone.
Unfortunately the Low Volume of Buying says to be nimble & cautious for Short Term Traders. The best trades are when the S&P 500 Index is ALSO on the Green Zone, but that still has not happened since October..
Bonds were down today, after being over-bought.
Crude Oil was down $0.03 today at $50.08 and is very over-sold.
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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 2/4/2020
APO APOLLO GLOBAL MGMT. Money Wave Buy today. Target is $53.00. EXIT if it is going to Close below Support of $45.28.
INSG INSEEGO CORP. Money Wave Buy today. INSG will not be logged as it is already up 7 % today.
INTC INTEL CORP. Money Wave Buy today. INTC will not be logged as the Volume is below average of 21.4 MIL.
MAXR MAXAR TECHNOLOGIES Money Wave Buy today. MAXR will not be logged as it is already up 4 % today.
SWKS SKYWORKS SOLUTIONS Money WAve Buy today. SWKS will not be logged as the Volume is below average of 2.3 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.)
HZNP HORIZON THERA. (Click name for info)
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ITB HOME BUILDERS FUND Click name for info)
ITCI INTER-CELLULAR THERA. Buy if it Closes Above the Pink Line of $23.52 on High Volume.
TSG THE STARS GROUP Buy if it Closes Above the Pink Line of $24.41 on High Volume.
VIPS VIPSHOP HOLDINGS LTD. Buy if it Closes Above the RED Line of $13.43 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).
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SELLS TODAY
TAL TAL EDUCATION GROUP has met out Target of $57 with a 12 % Gain. Please update your Sell Stop if you bought. This trade was not logged.
TSLA TESLA INC is up another 18% today on a ridiculous Short Squeeze. TSLA is up 175 % since the Dec 2 Money Wave Buy. 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.
Hi Wondering what rule do you use for stop losses? Have only been using your system for 2 months now and had a nice day today. Thanks
Thank you for writing. If you follow the Portfolio link in your Daily emails, the Sell Stops are updated each day before the Market Close.
Or follow the Green Line Reules for Short Term Trading. RULES
Hello, Can you please explain “Short Squeeze” that you mentioned on TSLA?
Thank you.
What is a Short Squeeze?
A short squeeze is a situation in which a heavily shorted stock or commodity moves sharply higher, forcing short sellers to close out their short positions and adding to the upward pressure on the stock. Short sellers are being squeezed out of their short positions, usually at a loss. Short squeezes are generally triggered by a positive development that suggests the stock may be embarking on a turnaround. Although the turnaround in the stock’s fortunes may only prove to be temporary, few short sellers can afford to risk runaway losses on their short positions and may prefer to close the position even if it means taking a substantial loss.
Thanks for your quick response.
And you always explain things very easy way. As a beginner, I really appreciate it.