Markets continued to stretch Way Above the Green Lines as many Investors’ Emotions (Hope & Greed) have overcome normal logic. The current Goldilocks Economy (Low Inflation and Low Interest Rates) will eventually change.
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 slightly today as they became over-sold.
Crude Oil was down $0.05 today at $59.57.
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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 1/09/2020 NONE TODAY
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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AXSM AXSOME THERA.
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 NONE TODAY
EXPR EXPRESS INC. EXIT if it is going to Close below your Buy Price, or $4.90.
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.