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January 2, 2020

Money Wave Alert! Jan 2, 2020

SPY Chart
The S&P 500 Fund was able to bounce up at the Pink Line (10-day avg.)

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

______________________________________________________________________________________________________

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

_____________________________________________________________________________________________________________________________________________________               

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).

______________________________________________________________________________________

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

NEW! TOP 100 LIST.

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

Related Post

– Money Wave Alert! Dec 31, 2019

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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