Markets were mixed today on Lower Volume are Buyers seem to be drying up from too much Good News. Emotions are very High now, so be cautious.
Most of the Leaders are very over-bought so expect some profit taking soon.
The Watch List is currently very small, which normally means that Short Term Traders should WAIT for the Leaders to return to their Daily Green Zones and Money Wave Buy Signals soon. The best trades are when the S&P 500 Index is ALSO on the Green Zone.
Bonds were down today as Equities rose.
Crude Oil was up $0.69 today at $60.90.
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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 12/17/2019
APPS DIGITAL TURBINE INC. Money Wave Buy today. APPS will not be logged, as it is already up 3 % today and the Volume is not High.
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.)
RH RESTORATION HARDWARE
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EXPR EXPRESS INC
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
AMKR AMKOR TECH EXIT on the Close today, or have a tight Stop Below it to capture a 6 % Gain. The Volume has dried up.
PSX PHILLIPS 66 CORP. EXIT if it is going to Close below your Buy Price, or $113.73. This trade was not logged.
VGR VECTOR GROUP EXIT if it is going to Close below Support of $12.15. This trade was not logged.
WU WESTERN UNION CO. EXIT if it is going to Close below your Buy Price, or $26.84. 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.
