Markets were up again today on follow thru Buying from the dovish FED talk. The FED did not Lower the Fed Funds rate yesterday, but are expected to at the July meeting.
The S&P 5oo Index was able to get above the May High of 2954 this morning, but needs to Close above there for more Buying. It has Support on the Red Line (50-day avg.) of 2859.
Most of the Leaders are over-bought and are back up in the Red Zones (probably too late to Buy for the Short Term). Please be patient and WAIT for more Investments to return to their Green Zones for Money Wave Buys again.
Crude Oil was up $3.20 today at $57.20. ______________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 6/20/2019
CRON CRONOS GROUP Medium Term Buy today if Closes above the Red Line of $16.22 Target is $20.00. EXIT if it is going to Close below Support of $15.02.
ZNGA ZYNGA, INC. Money Wave Buy today. Target is $7.25. EXIT if it is going to Close below Support of $5.95.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
TGT TARGET CORP.
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).
EXIT XLU UTILITIES FUND on the Close today, or have a tight Sell Stop Loss below it. We will try to Buy again lower.
LOWER the Sell Stop Loss on UNG US NATURAL GAS FUND to $18.00 until it bottoms.
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.