Markets were mostly higher today as the Tech Stocks made New Highs. The S&P was able to get above Friday’s High this morning, but might not Close there.
Markets are on Highs and many traders are willing to wait for Earnings to come out before Selling. 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 OIL & Steel were weak.
Crude Oil was down $1.74 today at $56.74.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 1/22/2020 NONE TODAY
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
APA APACHE CORP. Money Wave must Close in the Green Zone.
ITCI INTER-CELLULAR THERA. Buy if it Closes Above the Pink Line of $26.11 on High Volume.
TAL TAL EDUCATION GROUP
TSG THE STARS GROUP 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 NONE TODAY
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.