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May 10, 2018

Money Wave Alert! May 10, 2018

SPY Chart
Markets are Higher, but the Volume is poor.

 

Markets were up again today, as the Retail Investors are now becoming very optimistic . They always feel good in the Red Zones (probably too late to Buy for the Short Term).

All of the major Indices are now back Above the Red Lines (50-day avgs.), but are Over-bought for the Short Term. Maybe time to raise some CASH and wait for Green Zone Buys.

Caution! Most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term).

 

Crude Oil  was up to New Highs at $71.45.

_____________________________________________________________________________________

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

 

BUYS TODAY    

 

CVNA    CARVANA CO.    Money Wave Buy today. CVNA will not be logged, as it is already up 12% today.

 

Money Wave Buys soon for:

M    MACY’S INC.    Money Wave must Close in the Green Zone.

WTW    WEIGHT WATCHERS INT’L.    Money Wave must Close in the Green Zone.

 

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 still Way Above the Green Lines (all Investments eventually return to their Green Lines).

______________________________________________________________________________________

SELLS TODAY   

 

EXIT    INTC    INTEL CORP.    on the Close today, or have a tight Sell Stop Loss Below it.    

EXIT    MU    MICRON TECH    on the Close today, or have a tight Sell Stop Loss Below it to capture a 10% Gain. (Short Term Portfolio only).

EXIT    SGH    SMART GLOBAL HOLDINGS    on the Close today, or have a tight Sell Stop Loss Below it.    

EXIT     STX    SEAGATE TECH    on the Close today, or have a tight Sell Stop Loss Below it.    

 

Please 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 2:32 pm Leave a Comment

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

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