Markets were mixed today on more low Volume but the Tech Stocks were still being bought. The current rally has become very narrow.
The S&P 500 Index is way up to 3121, and Support is at 3028. Most Leaders are Way Above the Green Lines, and buying up in the Red Zones is normally not a good bet.
The Markets staying are up at the Highs, so there are 0 Investments on the Watch List for Money Wave Buy Signals. So sit back and WAIT. The Low Volume lately represents Low Buying Conviction … We need a bigger pull-back, and it will come.
NEW SUBSCRIBERS: Please be patient and WAIT for the Leaders and the S&P 500 Index to come back down into the Green Zones for more Money Wave Buys soon.
Bonds were up slightly today but are up near the Red Zone.
Crude Oil was down $0.90 today at $56.81.
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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 11/18/2019
LEG LEGGETT & PLATT INC. Money Wave Buy today. LEG will not be logged as the Volume is below average of 1.3 Mil.
MDCO MEDICINES CO. Money Wave Buy today. MDCO will not be logged as it is already up 11 % today.
WU WESTERN UNION CO. Money Wave Buy today. WU will not be logged as the Volume is below average of 6.6 Mil.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon (Short Term): (Best toil. 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.)
NONE TODAY
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NONE TODAY
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
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.
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– Bonds
