Markets were higher today on Good News with Mexico, and the FEAR seems to have gone away. The S&P 5oo Index should have Support on the Red Line (50-day avg.) of 2842.
Recent Good News might cause some profit taking soon by Smart Money who bought on the Bad News. Short Term Investors might raise some CASH if you are nervous, as a pull-back would be normal.
Crude Oil was down $0.33 today at $53.33. ______________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 6/10/2019 NONE TODAY
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
ARQL ARQUIL, INC.
HEXO HEXO CORP. (2nd Buy Signal soon) Medium Term Buy when it Closes Above the Red Line of $6.69.
SBGI SINCLAIR BROADCAST GROUP
NON US INVESTMENTS (These will not be logged.)
AC.TO AIR CANADA (Toronto TSE)
CASP.L CASPIAN SUNRISE PLC
RMAN.IN RELIANCE NIPPON LIFE (India NSE)
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
EXIT EDU NEW ORIENTAL EDUCATION on the Close today, or have a tight Sell Stop Loss below it to capture a 5.25 % Gain.
EXIT SE SEA LIMITED. on the Close today, or have a tight Sell Stop Loss below it to capture an 5 % gain.
EXIT XLP CONSUMER STAPLES FUND on the Close today, or have a tight Sell Stop Loss below it as it is in the Red Zone. We will try to Buy again lower.
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.