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June 3, 2019

Money Wave Alert! June 3, 2019

SPY Chart
The S&P 500 Index needs to bounce soon to remain Bullish.

 

More BAD NEWS on the FAANG stocks has caused FEAR in the Markets, and that is when we like to BUY. The S&P 500 Index is down to the Green Line and Support of 274. It needs to bounce soon to remain Bullish (see chart above).

Markets  tried to rally for a while, but more Selling came in later. The  S&P 500 Index is back down in the Green Zone, and the Watch List is large which normally means a bounce up is coming soon. Some FED talk about lowering Rates again.

Crude Oil was down $0.80  today at $52.80. ______________________________________________________________________________________________________

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

 

BUYS TODAY    6/03/2019    

 

ITB     HOME BUILDING FUND     Medium Term Buy if it Closes Above the Red Line of $37.07.  Target is $39.50. EXIT if it is going to Close below Support of $36.21.

TSN     TYSON FOODS      Medium Term Buy if it is going to Close Above the Red Line of $84.00.  Target is $98.00. EXIT if it is going to Close below Support of $74.53.

 

EFN.TO     ELEMENT FINANCIAL     (Toronto TSE)    Foreign Investments will not be logged.

QLT.L    QUILTER PLC    (London LSE)    Foreign Investments will not be logged.

 

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 $61.74.

DIS    WALT DISNEY CO.    Buy when it Closes above $134.04 on Higher Volume.

XLP    CONSUMER STAPLES FUND   

XLU    UTILITIES FUND

 

NON US INVESTMENTS   (These will not be logged.)     

JLP.L   JUBILEE PLATINUM     (London LSE)     

  

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   

 

LOWER the Sell Stop Loss on     CGC     CANOPY GROWTH     to $38.00  until it Bottoms.

LOWER the Sell Stop Loss on     FB   FACEBOOK INC.     to $161.01  until it Bottoms.

LOWER the Sell Stop Loss on     HEXO    HEXO CORP.   to today’s Low of  $6.20 until it Bottoms.

LOWER the Sell Stop Loss on     UNG     US NAT’L. GAS FUND    to $20.00 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 2:42 pm Leave a Comment Tagged With: premium

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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