Markets were lower today after the S&P re-tested Friday’s High but could not get thru. Many are waiting on more Earnings to come out.
Markets are near Highs so very few Leaders have returned to their Green Buy Zones yet (only 1 today). So WAIT, or get chopped up on small Money Wave pops. 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 up today, as Equities dropped.
Crude Oil was down $0.23 today at $58.35.
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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 1/21/2020
TSM TAIWAN SEMICONDUCTOR Money Wave Buy today. TSM will not be logged as the Volume is not High above average of 6.4 MIL.
VIPS VIPSHOP HOLDINGS INC. Money Wave Buy today. VIPS will not be logged as the Volume is below average of 5.5 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 Relative Strength is Below 90.
ITCI INTER-CELLULAR THERA. Buy if it Closes Above the Pink Line of $26.69 on High Volume.
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
EWT TAIWAN FUND EXIT if it is going to Close below the Pink Line around $41.20. This trade was not logged.
TSG THE STARS GROUP EXIT if it is going to Close below Support of $24.99. 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.
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