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).
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.