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June 7, 2019

Money Wave Alert! Jun 7, 2019

SBUX Chart
Taking a quick Gain on StarBucks (SBUX) today.

 

Markets  were up again today as the FEAR seems to have gone away after a 4 1/2 % pop on the S&P 5oo Index this week. Support on the S&P 500 is now the Red Line (50-day avg.) of 2840. 

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, as a pull-back would be normal.

 

Crude Oil was up $1.45  today at $54.05. ______________________________________________________________________________________________________

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

 

BUYS TODAY    6/07/2019    

 

CDNS     CADENCE DESIGN    Medium Term Buy today.  CDNS will not be logged as the Volume is below average.  

CVNA    CARVANA CORP.    Medium Term Buy today.  CVNA will not be logged as the Volume is below average and it is already up 5%.  

GBTC    GRAYSCALE BITCOIN TRUST     Money Wave Buy today.  GBTC will not be logged as it is already up 13% today.

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

 

Please disregard the LONG TERM TRADES this week, and wait for a possible pull-back in the Markets soon.

 

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

HEXO    HEXO CORP.     (2nd Buy Signal soon)    Medium Term Buy when it Closes Above the Red Line of $6.69. 

 

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     PLNT     PLANET FITNESS CORP.    on the Close today, or have a tight Sell Stop Loss below it.  PLNT is in the Red Zone and is down today.

EXIT     SBUX     STARBUCKS CORP.    on the Close today, or have a tight Sell Stop Loss below it to capture an 8 % gain. We will try to Buy again lower.

EXIT     TSN     TYSON FOODS, INC.    on the Close today, or have a tight Sell Stop Loss below it to capture a quick 5.5 % gain. 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.

 

HAVE A NICE WEEKEND!

Posted By AbovetheGreenLine at 2:37 pm 2 Comments Tagged With: premium

Comments

  1. MountainMeadows says

    June 7, 2019 at 3:13 pm

    The red and green stochastic (5,3) zones (overbought and oversold zones) — can Stockcharts be made to update those automatically each day (go farther to the right daily). Or do you have to manually annotate, draw a rectangle, and color in every day?

    Thank you.

    Log in to Reply
    • AbovetheGreenLine says

      June 7, 2019 at 3:29 pm

      Not sure what your question is?

      The Red & Green Zones must be manually drawn for each chart… Then lock them in place forever.

      Log in to Reply

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