Markets were mixed today, but were able to recover from selling this morning and held around the Pink Lines (10-day avgs.). The Indices need to exceed last week’s Highs soon, for the rally to continue.
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 down today after hitting the Daily down trend line.
Crude Oil was down $0.02 today at $63.03.
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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 1/06/2020
RH RESTORATION HARDWARE Medium Term Buy today. Target is $245.00. EXIT if it is going to Close below the Red Line of $204.07.
IMGN IMMUNOGEN INC. Money Wave Buy today. IMGN will not be logged, as it is already up 4.2 % today and the Volume is below average.
MBOT MICROBOT MEDICAL INC. Money Wave Buy today. MBOT will not be logged, as it is already 21 % above Thursday’s Support of $9.85.
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.)
ITCI INTRA-CELLULAR THERAPIES This one is a wild “story stock”.
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BBY BEST BUY CO. Money Wave must Close in the Green Zone.
LEG LEGGETT & PLATT Medium Term Buy if it Closes above $51.67 on High Volume.
QRVO QORVO INC. Money Wave must Close in the Green Zone.
RAD RITE AID CORP.
TGT TARGET CORP.
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
BHC BAUSCH HEALTH CO. EXIT if it is going to Close below Support of $28.92. 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).
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.
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