Markets rebounded today after dropping down to the Pink Lines (10-day avgs.) and then bouncing. Closing below the Pink Line would normally create a Short Term Sell Signal. The Leading Tech & Semi Stocks were slightly higher. Some of the Leaders are now returning to their Green Zones for Money Wave Buys soon.
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 again today, after Closing above the down-trend line.
Crude Oil was down $1.24 today at $55.50.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 1/23/2020 NONE TODAY
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
TAL TAL EDUCATION GROUP
TSG THE STARS GROUP
APA APACHE CORP.
BABA ALIBABA GROUP Money Wave must Close in the Green Zone.
ITCI INTER-CELLULAR THERA. Buy if it Closes Above the Pink Line of $26.02 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).
EURN EURONAV NV LOWER the Sell Stop Loss to below today’s low of $10.83. Relative Strength is still 90, and it is almost back down in the Green Zone again.
FRO FRONTLINE LTD EXIT if it is going to Close below Support of $11.63. This trade was not logged.
SBGL SIBANYE GOLD EXIT if it is going to Close below the Pink Line around $10.28. This trade was not logged.
TSM TAIWAN SEMICONDUCTOR EXIT if it is going to Close below Support of $57.47. 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.