Markets were higher as the Indices were able to bounce up off the Pink Lines (10-day avgs.) and re-test last week’s Highs. The S&P 500 & NASDAQ 100 made new Highs today, but not yet on Semis, DOW, & Small Caps. Markets are melting up as unsophisticated Investors are afraid they will miss out.
How crazy is this Market? GM and Ford combined made $10.6 Billion in 2019 and are worth $89 Billion… Tesla lost $800 Million, and is worth $84.5 Billion!
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.
Crude Oil was down $2.74 today at $59.96.
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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 1/08/2020
ARWR ARROWHEAD PHARMA Money Wave Buy today. ARWR will not be logged as the Volume is below average of 2.4 MIL.
EWT TAIWAN FUND Money Wave Buy today. EWT will not be logged as the Volume is only average, and the Markets are on Highs.
QRVO QORVO INC. Money Wave Buy today. QRVO will not be logged as the Volume is below average of 1.8 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.)
TGT TARGET CORP.
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CDE COEUR MINING INC.
CVNA CARVANA 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
GDXJ JUNIOR GOLD MINERS FUND EXIT if it is going to Close below the Pink Line around $41.87 for a 3 % Gain. This trade was not logged.
NAT NORDIC AMER. TANKER EXIT if it is going to Close below the Pink Line around $4.93 for a 38 % Gain. 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.
