Markets were mixed today as some of the Big Techs were weaker. The Volume on most Investments is lower, so it is hard to get very excited about Buying now. Markets are currently over-bought and many Leaders are up in their Red Zones (probably too late to Buy for the Short Term).
Short Term Traders should WAIT for the Leaders to return to their Daily Green Zones. The best trades are when the S&P 500 Index is ALSO on the Green Zone.
Bonds were up slightly today.
Crude Oil was up $0.17 today at $58.25.
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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 1/14/2020
AXSM AXSOME THERA. Money Wave Buy today. AXSM will not be logged as it is already up 3 % today and the Volume is below average of 1.5 MIL.
ITCI INTRA-CELLULAR THERAPIES Money Wave Buy today. ITCI will not be logged as the Volume is below average of 3.3 MIL.
PAAS PAN AMERICAN SILVER Money Wave Buy today. PAAS will not be logged as the Volume is below average of 2.8 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.)
HL HECLA MINING CO.
SBGL SIBANYE GOLD LTD.
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ARWR ARROWHEAD PHARM Medium Term Buy if it Closes above the Pink Line of $59.81 on High Volume.
LEG LEGGETT & PLATT Medium Term Buy if it Closes above $51.67 on High Volume.
RAD RITE AID CORP. Below the Green Line.
TSG THE STARS GROUP
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
MBOT MICROBOT MEDICAL EXIT if it is going to Close below your Buy Price, or $11.85. 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.
When I first heard of your service, you specialized in finding sectors and not individual stocks.
May I assume that in time you will have recommendations regarding sectors and not individual stocks? Most of my money is in funds targeting specific sectors, that is why my question is so important to me. I wonder if I made a mistake. I do not buy individual stocks. Thoughts please?
Thank you for writing.
With this 3 month Market blow out rally since October, there have been few sector trades other than GDX (Gold Miners) SLV ((Silver Fund) and TWM (Taiwan Fund).
The Market is not normal now… please be patient and WAIT. IN 2019 we did SMH SLV IAU TLT XLP XLY ASHR EWH GDX EWZ SH & RWM.
Good trading, and tell your friends!