Money Wave Alert! Jan 30, 2020

 

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.

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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    1/30/2020   NONE TODAY

 

Money Wave Buys Signals Soon (Short Term):   (Best to Buy these when the S&P 500 is also in the Green Zone.)    

“JUMP START” Candidates:  (Buy Signal should be very soon… Click on the Jump Start link for more info.) 

GGB     GERDAU USA 

LK     LUCKIN COFFEE 

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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).

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SELLS TODAY    

 

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

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.