Markets were down slightly today after yesterday’s rally. Investors believe in the Economy and many are not worrying about taking profits. Markets are currently over-bought but Buyers still have Money.
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 up again today as they became over-sold.
Crude Oil was down $0.36 today at $59.20.
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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 1/10/2020
TGT TARGET CORP. Money Wave Buy today. TGT will not be logged as the Volume is below average of 4.9 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: (Buy Signal should be very soon… Click on the Jump Start link for more info.)
AXSM AXSOME THERA.
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CVNA CARVANA CO. Relative Strength is Below 90.
HL HECLA MINING CO.
ITCI INTRA-CELLULAR THERAPIES
LEG LEGGETT & PLATT Medium Term Buy if it Closes above $51.67 on High Volume.
RAD RITE AID 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).
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SELLS TODAY
ARDX ARDELYX INC. EXIT if it is going to Close below your Buy Price, or $7.51. This trade was not logged.
ARWR ARROWHEAD PHARMA EXIT if it is going to Close below Support of $58.22. This trade was not logged.
MBOT MICROBOT MEDICAL is up 15 % today, if you bought it and want to take profits… 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!
Related Post
– Money Wave Alert! Jan 9, 2020
– Money Wave Alert! Dec 30, 2019
