Markets were mixed today on more low Volume day … Looks like many are waiting on the Fed meeting next week. The FED is expected to Lower the Fed Funds rate. The S&P 5oo Index should have Support on the Red Line (50-day avg.) of 2849.
Please be patient and WAIT for more Investments to return to their Green Zones for Money Wave Buys again.
Crude Oil was up $0.05 today at $52.55. ______________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 6/14/2019
ARQL ARQUIL, INC. “Gapped Up” 30% today on Good News, so we missed it. ARQL will not be logged, as it has a big Gap to fill lower… We will wait to buy then. Yesterday’s Low Volume gave us no clue about the news today.
LONG TERM BUYS:
CRON CRONOS GROUP is not bouncing at the Red Line (50-day avg.) so please Wait for the next Daily Money Wave Buy Signal.
HOLD off on buying AES AES CORP. and DXCM DEXCOM INC. More info on the Green Line Weekly.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
AMD ADVANCED MICRO Money Wave must Close in the Green Zone.
CIEN CIENA CORP. Money Wave must Close in the Green Zone.
KTOS KRATOS DEFENSE Money Wave must Close in the Green Zone.
SBGI SINCLAIR BROADCAST GROUP Buy if it is going to Close above the Pink Line of $52.28.
TLT LONG TERM T-BOND FUND Money Wave must Close in the Green Zone.
ZNGA ZYNGA, 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
EXIT CGC CANOPY GROWTH (Short Term Buy only) if it is going to Close below the Pink Line around $41.66.
EXIT DIS WALT DISNEY CO. on the Close today, or have a tight Sell Stop Below it. DIS is at Resistance, so we will try to Buy again lower.
EXIT LSCC LATTICE SEMICONDUCTOR if it is going to Close below the Pink Line around $14.11. 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.
HAVE A NICE WEEKEND!
Why do you sometimes say, “Must close in green zone,” and sometimes “Wait for money wave close > 20”? I thought the buy rule was the latter. The stochastics level looks very similar on both stocks (I am looking at AMD and CIEN). What am I missing?
The Rules require that the Slow Stochastic or Money Wave Indicator must FIRST Close below 20. The idea is to wait for the Leaders to become very over-sold on the Short Term.
Sometimes the very Strongest don’t make it quite down to 20, and bounce… But today both AMD and CIEN both have their Money Wave <20, and if they Close down there, then the Buy Signal would be the next Close > 20.
Good trading, and tell your friends!