Markets were up slightly today as the S&P 500 has been able to stay above the Pink Link (10-day avg.) of 3105. Some of the Leading Investments are correcting sideways, which indicates that there are plenty of Buyers waiting on small pullbacks. The current rally has become very narrow.
The S&P 500 Index is still way up to 3110 and needs to exceed the High of 3128 next week for this rally to continue.
The Markets are slowly coming off the Highs, for more for Money Wave Buy Signals soon. Please be patient and WAIT. The Low Volume lately represents Low Buying Conviction … We need a bigger pull-back, and it will come. Best trades are when the S&P 500 Index is ALSO on the Green Zone.
Bonds were up slightly today but they are up in the Red Zone.
Crude Oil was down $0.67 today at $57.92.
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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 11/22/2019
SWKS SKYWORKS SOLUTIONS INC. Money Wave Buy today. SWKS will not be logged as the Volume is below the average of 1.9 Mil.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
THERE WILL BE NO LONG TERM TRADES 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 (NEW): (Buy Signal should be very soon… Click on the Jump Start link for more info.)
GNC GNC HOLDINGS
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CROX CROCS INC.
LEG LEGGETT & PLATT
QCOM QUALCOMM CORP.
SMH SEMICONDUCTOR FUND
TER TERADYNE 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
TSM TAIWAN SEMICONDUCTOR Closed below the Pink Line of $53.01 on the Market Close yesterday, and was Stopped Out at $52.98. 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.
HAVE A NICE WEEKEND!
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