More of the same. Markets were mixed again today on Low Volume. The 3 day sideways move would normally burp up higher soon on any Good News. Emotions are very High now, so be cautious.
Most of the Leaders are very over-bought so expect some profit taking soon.
The Watch List is currently very small, which normally means that Short Term Traders should WAIT for the Leaders to return to their Daily Green Zones and Money Wave Buy Signals soon. The best trades are when the S&P 500 Index is ALSO on the Green Zone.
Bonds were down again today.
Crude Oil was up $0.04 today at $60.98.
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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 12/18/2019
RH RESTORATION HARDWARE Money Wave Buy today. RH will not be logged, as the Volume is below the average of 1 MIL.
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.)
EXPR EXPRESS INC
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BHC BAUSCH HEALTH CO. Possible Entry soon for Long Term Buy.
KDMN KADMON HOLDINGS 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
AG FIRST MAJESTIC SILVER EXIT if it is going to Close below the Pink Line around $10.84.
ACAD ACADIA PHARMA. EXIT if it is going to Close below Support of $43.67. This trade was not logged.
WU WESTERN UNION CO. EXIT if it is going to Close below your Buy Price, or $26.84. 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.
