Money Wave Alert! Jun 17, 2019

 

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Markets  were up slightly today in a tight range on low Volume … Looks like many are waiting on the Fed meeting results on Wednesday.  The FED is expected to Lower the Fed Funds rate, but they might wait until the July meeting. The S&P 5oo Index should have Support on the Red Line (50-day avg.) of 2850. 

Please be patient and WAIT for more Investments to return to their Green Zones for Money Wave Buys again. 

Crude Oil was down $0.70  today at $51.80. ______________________________________________________________________________________________________

The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.

 

BUYS TODAY    6/17/2019    

 

CIEN     CIENA CORP.      Money Wave Buy today.  Target is $47.00. EXIT if it is going to Close below Support of $42.18.

 

SBGI    SINCLAIR BROADCAST GROUP      Buy if it is going to Close above $52.25. SBGI will not be logged as the Volume is below average and it is already up 3% today.

We will “Not Log” trades if the Reward/Risk is not at least 2:1.     

 

Money Wave Buys Signals Soon:   (Best to Buy when the S&P 500 is also in the Green Zone.)        

AMD     ADVANCED MICRO       

CRON     CRONOS GROUP     Money Wave must Close in the Green Zone.

KTOS     KRATOS DEFENSE      Money Wave must Close in the Green Zone.     

LTSS      LATTICE SEMICONDUCTOR    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    ZIXI     ZIX CORP.     on the Close today, or have a tight Sell Stop Below it.  ZIXI is up 13% from last week’s Low, so 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.