Markets were up big today as the S&P 5oo Index was able to bounce off the Green Line, and out of the Green Zone today. Next Resistance is the Pink Line (10-day avg.) Some FED talk about lowering Rates again.
Crude Oil was up $0.40 today at $53.50. ______________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 6/04/2019
DIS WALT DISNEY CO. Buy today if it Closes above $134.04. Target is $143.00. EXIT if it is going to Close below Support of $130.78.
XLP CONSUMER STAPLES FUND Medium Term Buy today. Target is $59.00. EXIT if it is going to Close below Support of $55.52.
XLU UTILITIES FUND Money Wave Buy today. Target is $61.00. EXIT if it is going to Close below Support of $57.74.
COTY COTY, INC Money Wave Buy today. COTY will not be logged as it is already up 3.6 % today.
ITB HOME BUILDING FUND Medium Term Buy today. ITB will not be logged as the Volume is below average.
PG PROCTER & GAMBLE Money Wave Buy today. PG will not be logged as the Volume is below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
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.
CGC CANOPY GROWTH (2nd Buy Signal soon)
CVNA CARVANA CORP. Medium Term Buy when it Closes Above the Red Line of $61.68.
DIS WALT DISNEY CO. Buy when it Closes above $134.04 on Higher Volume.
HEXO HEXO CORP. (2nd Buy Signal soon) PG PROCTER & GAMBLE
SE SEA LTD. Buy if it is going to Close above $29.40.
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).
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SELLS TODAY NONE TODAY
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.