You are witnessing History on the Stock Markets with day after day of record New Highs.
Markets were higher again today as the Indices “Gapped Up” on frantic Buying. Many are afraid they will miss out. Currently, the five largest stocks in the S&P 500 Index account for about 20% of the total value of the Index. That is why many stocks don’t appear to be moving much.
The Money Wave Buy Signals are not popping well with the Markets so High. 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 down today, and are trying to stay Above the Red Line (50-day avg.)
Crude Oil was up $0.78 today at $58.59.
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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 1/16/2020
NAT NORDIC AMER. TANKERS Money Wave Buy today. NAT will not be logged as the Volume is below average of 2.9 MIL and it is already up 3.25% .
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.)
EURN EURONAV NV
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ARWR ARROWHEAD PHARM Medium Term Buy if it Closes above the Pink Line of $58.54 on High Volume.
FRO FRONTLINE LTD. Money Wave must Close in the Green Zone.
LEG LEGGETT & PLATT Back up in the Red Zone. Abort this Buy Signal.
VIPS VIPSHOP HOLDINGS INC.
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
PAAS PAN AMERICAN SILVER EXIT if it is going to Close below Support of $21.67. 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.
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