Markets went down to re-test Monday’s Lows and Buying came in. The S&P 500 Index needs to return to the previous Highs soon…
Better Earnings from Microsoft & Tesla.
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 mixed today, and are over-bought.
Crude Oil was down $0.95 today at $55.51 and is very over-sold.
The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 1/30/2020 NONE TODAY
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
GGB GERDAU USA
LK LUCKIN COFFEE
INSG INSEEGO CORP.
ITCI INTER-CELLULAR THERA. Buy if it Closes Above the Pink Line of $24.60 on High Volume.
MAXR MAXAR TECHNOLOGIES
SWKS SKYWORKS SOLUTIONS
TSG THE STARS GROUP Buy if it Closes Above the Pink Line of $24.77 on High Volume.
VIPS VIPSHOP HOLDINGS LTD. Buy if it Closes Above the Pink Line of $13.72 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 today’s Low of $9.50. EURN is in the Green Zone selling at Book Value. It should bounce here at the Green Line soon, or Out.
TSLA TSLA INC. is up 10 % today on Earnings and is 97% Above the Green Line. This is a textbook case of Human Emotions and Greed. Watch you Stops if you own it…
XLV HEALTH CARE FUND LOWER the Sell Stop Loss to the Red Line of $1oo.44. 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.