Markets Gapped Up today, on more Holiday Buying. The Indices bounced up off the Pink Lines (10-day avgs.) and are re-testing Monday’s High. Higher Highs are necessary for the rally to continue.
The Leading Tech Stocks (AAPL MSFT AMD) made Higher Highs today, but are very over-bought. Maybe some Institutional Profit Taking next week. Emotions are very High now, so be cautious.
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 today after becoming over-sold.
Crude Oil was up $0.04 today at $61.10.Buying
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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 1/02/2020
MU MICRON TECH. Money Wave Buy today. MU will not be logged as the Volume is below average of 19.4 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.)
MBOT MICROBOT MEDICAL INC.
RH RESTORATION HARDWARE
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BBY BEST BUY CO. Money Wave must Close in the Green Zone.
IMGN IMMUNOGEN INC.
LEG LEGGETT & PLATT Medium Term Buy if it Closes above $51.67 on High Volume.
NVDA NVIDIA CORP. Money Wave must Close in the Green Zone.
RAD RITE AID CORP.
ROKU ROKU INC. Money Wave must Close in the Green Zone.
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
SNAP SNAP INC. EXIT on the Close today, or have a tight Sell Stop Loss below it. The Relative Strength is still below 90. Maybe we can Buy lower.
ADT ADT INC. EXIT if it is going to Close below your Buy Price, or $7.77. This trade was not logged.
NAT NORDIC AMER. TANKER EXIT if it is going to Close below the Pink Line around $4.84. 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