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January 6, 2020

Money Wave Alert! Jan 6, 2020

RH Chart
Medium Term Buy on Restoration Hardware (RH) today.

 

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.

______________________________________________________________________________________________________

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”.

_____________________________________________________________________________________________________________________________________________________               

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).

______________________________________________________________________________________

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

NEW! TOP 100 LIST.

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.     

Posted By AbovetheGreenLine at 2:42 pm Leave a Comment Tagged With: premium

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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