Markets were up again today as the S&P 5oo Index was now able to get slightly above the Red Line (50-day avg.) of 2839. Many Leading Investments are quickly becoming over-bought and are in the Red Zones (probably too late to Buy for the Short Term). Maybe raise some CASH if you are nervous, and a pull-back would be normal.
Crude Oil was up $1.25 today at $52.95. ______________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 6/06/2019 NONE TODAY
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 $61.67.
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 CIEN CIENA CORP. on the Close today, or have a tight Sell Stop Loss below it as CIEN is up 24% today on great Earnings. We will try to Buy again lower.
LOWER the Sell Stop Loss on UNG US NAT’L. GAS FUND to $19.00 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.