Markets were up gain today as the S&P 5oo Index was able to get above the Pink Line (10-day avg.) Next resistance is the Red Line (50-day avg.) of 2838. More talk today about lowering Rates again.
Crude Oil was up $1.83 today at $51.65. ______________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 6/05/2019
CGC CANOPY GROWTH Long Term Buy today (2nd Buy). Target is $48.00. EXIT if it is going to Close below Support of $38.38.
SE SEA LTD. Buy today if it is going to Close above $29.04. Target is $32.50. EXIT if it is going to Close below Support of $27.38.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
CDNS CADENCE DESIGN Buy when it is going to Close above $65.13.
CVNA CARVANA CORP. Medium Term Buy when it Closes Above the Red Line of $61.63.
GBTC GRAYSCALE BITCOIN TRUST
HEXO HEXO CORP. (2nd Buy Signal soon)
NON US INVESTMENTS (These will not be logged.)
AC.TO AIR CANADA (Toronto TSE)
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 BLL BALL CORP. on the Close today, or have a tight Sell Stop Loss below it to capture a quick 5 % gain… BLL is up near resistance.
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.