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January 7, 2020

Money Wave Alert! Jan 7, 2020

$TRAN
The DOW Transport Index has not confirmed the New High of the DOW Industrials. (DOW Theory)

 

Markets were mostly down today, but the strong Semiconductors were higher. The S&P 500 Index is struggling around the Pink Lines (10-day avgs.) around 3236. 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 again today after hitting the Daily down trend line yesterday.

Crude Oil was down $0.56 today at $62.71.

______________________________________________________________________________________________________

The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.

 

BUYS TODAY    1/07/2020     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.) 

ARWR     ARROWHEAD PHARMA   

ITCI     INTRA-CELLULAR THERAPIES     

_____________________________________________________________________________________________________________________________________________________              

CDE     COEUR MINING INC.     

EWT     TAIWAN FUND      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     NONE TODAY

 

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. 

Related Post

– Money Wave Alert! Jan 6, 2020

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