Markets were down again today as FEAR has set in, and the Indices are returning back down to their Green Zones (the first time since October). Quickly the Markets have wiped out the whole gain for January. We like to Buy on FEAR, and SELL on Greed.
The S&P 500 Index is finally coming back down to the Green Zone for a Money Wave Buy Signal soon. The Market should return back to normal Green Zone – Red Zone trading 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 higher today, but are over-bought.
Crude Oil was down $0.48 today at $51.66 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 1/31/2020
GGB GERDAU USA Money Wave Buy today. GGB will not be logged as the Volume is below average of 11.2 MIL. Maybe Buy on Monday
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
THERE WILL BE NO LONG TERM BUYS THIS WEEK.
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.)
SWKS SKYWORKS SOLUTIONS
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INSG INSEEGO CORP.
ITCI INTER-CELLULAR THERA. Buy if it Closes Above the Pink Line of $24.18 on High Volume.
MAXR MAXAR TECHNOLOGIES
SMH SEMICONDUCTOR FUND
TSG THE STARS GROUP Buy if it Closes Above the Pink Line of $24.59 on High Volume.
VIPS VIPSHOP HOLDINGS LTD. Buy if it Closes Above the Pink Line of $13.55 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
BMY BRISTOL MEYERS LOWER the Sell Stop Loss to the Red Line of $62.29.
RSX RUSSIA FUND EXIT if it is going to Close below the Red Line of $24.76.
HZNP HORIZON THERA. EXIT if it is going to Close below Support of $34.61. This trade was not logged.
XLV HEALTH CARE FUND EXIT if it is going to Close below the Red Line of $1oo.42. 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.
HAVE A NICE WEEKEND!