Markets were down today as the S&P 500 went below the Pink Link (10-day avg.) or 3102 earlier. But Buyers came in later to save the S&P 500 from going into a Short Term Sell Signal. The Tech Stocks have still not given up, but AAPL might Close today below the Pink Line. The current rally has become very narrow.
The S&P 500 Index is still way up to 3107 and Support is at 3028. Best trades are when the S&P 500 Index is ALSO on the Green Zone.
The Markets are slowly coming off the Highs, for more 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 again today but are up in the Red Zone.
Crude Oil was up $1.74 today at $57.09.
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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 11/20/2019
ISEE IVERIK BIO INC. Money Wave Buy today. ISEE will not be logged as it is already up 9 % today. (Maybe you bought on the Jump Start?)
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 (NEW): (Buy Signal should be very soon… Click on the Jump Start link for more info.)
NONE TODAY
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CROX CROCS INC.
GNC GNC HOLDINGS Money Wave must Close in the Green Zone.
QCOM QUALCOMM CORP.
SWKS SKYWORKS SOLUTIONS INC. Money Wave must Close in the Green Zone.
TER TERADYNE INC. Money Wave must Close in the Green Zone.
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
BX BLACKSTONE GROUP EXIT today if it is going to Close below your Buy Price, or $51.96. This trade was not logged.
EWT TAIWAN FUND EXIT today if it is going to Close below the Pink Line around, or $39.85. This trade was not logged.
WU WESTERN UNION EXIT today if it is going to Close below your Buy Price, or $27.08. 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.
Related Post
– Bonds
