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June 6, 2019

Money Wave Alert! Jun 6, 2019

SPX Chart
The S&P 500 Index is back up to the Red Line (50-day avg.)

 

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).

______________________________________________________________________________________

 

SELLS TODAY   

 

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.

Posted By AbovetheGreenLine at 2:39 pm 2 Comments Tagged With: premium

Comments

  1. MountainMeadows says

    June 6, 2019 at 5:33 pm

    You say to buy the strongest investments when the Money Wave is below 20, and then turns up. And to wait for a close above 20 (for a buy signal).

    But how do you know when to actually enter a trade? I assume you set up alerts to tell you when to enter. I can’t imagine you watch the stocks on your watchlist all day long on your monitor waiting for them to close above 20.

    What alerts do you use? Do you use Stockcharts.com alerts, or do you use some other alerts on some other system? Do you use the MarketSmith screener on Investors Business Day (investors.com)?

    Thank you.

    Log in to Reply
    • AbovetheGreenLine says

      June 7, 2019 at 9:20 am

      Thank you for writing!

      Most subscribers simply follow the Daily emails that should arrive 15-20 min before the Market Close.

      The Daily email will tell you which Investments will have Buy or Sell Signals that day, and then try to execute the Signal before the Close.

      Good trading and tell your friends!

      Log in to Reply

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