Markets were up again today on better than expected Earnings from AAPL & MCD. Nothing new from the FED Meeting today.
Volume was low and many stocks are not moving much. Microsoft & FaceBook have Earnings today after the Close. Maybe more profit taking after more Earnings come out.
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, and are over-bought.
Crude Oil was down $0.16 today at $53.32 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 1/29/2020
RSX RUSSIA FUND Money Wave Buy today. Target is $27.25. EXIT if it Closes below the Red Line of $24.76.
XLV HEALTH CARE FUND Money Wave Buy today. XLV will not be logged as the Relative Strength is below 90.
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.)
LK LUCKIN COFFEE
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GGB GERDAU USA
INSG INSEEGO CORP.
ITCI INTER-CELLULAR THERA. Buy if it Closes Above the Pink Line of $24.93 on High Volume.
TSG THE STARS GROUP Buy if it Closes Above the Pink Line of $24.90 on High Volume.
VIPS VIPSHOP HOLDINGS LTD. Buy if it Closes Above the Pink Line of $13.90 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 NONE TODAY
Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS
NEW! TOP 100 LIST Updated Jan 28, 2020
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.