Markets “Gapped Up” today on panic Buying as the Tech Stocks were strong. The NASDAQ 100 Chart was able to bounce up off the Pink Line of $200.61 to avoid a Short Term Sell Signal. The current rally has become very narrow. Looks like FED PUMPING is a big part of this current rally.
The S&P 500 Index is way up to 3114, and Support is at 3028. Most Leaders are Way Above the Green Lines, and buying up in the Red Zones is normally not a good bet.
With the Markets staying up at the Highs, the recent Money Wave Buy Signals have not popped well (Low Volume represents Low Buying Conviction) … We need a bigger pull-back. NEW SUBSCRIBERS: Please be patient and WAIT for the Leaders and the S&P 500 Index to come back down into the Green Zones for more Money Wave Buys soon.
Bonds were down slightly as Stocks rose.
Crude Oil was up $1.02 today at $57.79.
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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 11/15/2019
EWT TAIWAN FUND Money Wave Buy today. EWT will not be logged as the Volume is below average of 3.8 Mil.
RSX RUSSIA FUND Money Wave Buy today. RSX will not be logged as the Volume is below average of 5.8 Mil.
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 toil. Buy these when the S&P 500 is also in the Green Zone.)
“JUMP START” Candidates (NEW): (Buy Signal should be very soon… Click on the Jump Start link for more info.)
MDCO MEDICINES CO.
WU WESTERN UNION CO.
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LEG LEGGETT & PLATT INC.
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 NONE TODAY
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.
HAVE A NICE WEEKEND!
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