Markets were down again today on Virus Fears and from the Indices being very over-bought. The Tech and Semiconductor Stocks are holding up very well. The DOW 30 Index went down near the Red Line (50-day avg.) which should be a Support area for the Indices to bounce soon.
The Watch List below has grown and we should see some better Money Wave Buy Signals 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, as Equities were lower.
Crude Oil was down $1.01 today at $53.18 and is very over-sold.
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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 1/27/2020
TSG THE STARS GROUP Money Wave Buy today. TSG will not be logged as the Volume is below average of 1.3 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.)
BLDP BALLARD POWER SYSTEMS ____________________________________________________________________________________________________________________
APA APACHE CORP.
BABA ALIBABA GROUP Relative Strength is Below 80 required for Large Caps.
BMY BRISTOL MEYERS Money Wave must Close in the Green Zone.
HZNP HORIZON THERA.
ITCI INTER-CELLULAR THERA. Buy if it Closes Above the Pink Line of $25.56 on High Volume.
LK LUCKIN COFFEE
PLUG PLUG POWER INC.
TAL TAL EDUCATION GROUP Buy if it Closes Above $48.67 on High Volume.
VIPS VIPSHOP HOLDINGS LTD. Buy if it Closes Above the Pink Line of $14.25 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
EURN EURONAV NV LOWER the Sell Stop Loss again to a Close Below the Green Line $9.82. EURN it is back down in the Green Zone again. Will hope to EXIT on a bounce to the Red Line of $11.50 or more.
RH RESTORATION HARDWARE EXIT if it is going to Close below the Pink Line around $221.27 for a 1.5 % Gain.
SBGL SIBANYE GOLD EXIT if it is going to Close below the Pink Line around $10.35. 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.