Markets will be Closed on Monday Jan 20,2020 for a Federal Holiday.
Markets were slightly higher again today as Earnings are coming out, and some are better than expected. Markets are on Highs and many are cautious, but others are afraid they will miss out.
These long Market runs ups without pull-backs can be frustrating for traders, but eventually the rally will correct. It is hard to determine precisely when because of Human Emotions at work. Currently the Money Wave Buy Signals are not popping well with the Markets so High.
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 again today, as Bonds usually don’t like an improving Economy.
Crude Oil was up $0.10 today at $58.62.
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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 1/17/2020
EURN EURONAV NV Money Wave Buy today. Target is $13.50. EXIT if it is going to Close below Support of $11.24.
FRO FRONTLINE LTD. Money Wave Buy today. FRO will not be logged as the Volume is below average of 1.3 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.)
NONE TODAY
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ARWR ARROWHEAD PHARM Medium Term Buy if it Closes above the Pink Line of $58.07 on High Volume.
TSM TAIWAN SEMICONDUCTOR
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
UNG US NAT’L GAS FUND EXIT if it is going to Close below Support of $16.00.
AXSM AXSOME THERA. EXIT if it is going to Close below your Buy Price, or $90.49. This trade was not logged.
CVNA CARVANA CO. EXIT if it is going to Close below Support of $85.49. This trade was not logged. AXSM AXSOME THERA.
ITCI INTRA-CELL THERA. EXIT if it is going to Close below your Buy Price, or $26.81. 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 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!
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