Money Wave Alert! May 15, 2019

 

Markets were up again today after dipping back down this morning and holding above Monday’s low. 

The Leaders are down to their Green Zones for Money Wave Buys soon.  The  S&P 500 Index needs to Close back above  the Red Line (50-day avg.) of 2859, to become Bullish. The NASDAQ 100 INDEX (QQQ) and TECH Fund (XLK) are holding up better.  

The  Watch List below has grown, and there are many Signals from the Leaders today. 

Crude Oil was up $0.42  today at $62.20. ______________________________________________________________________________________________________

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.     Buy if it is going to Close above $66.10 today.  Target is $77.00.  EXIT if it is going to Close below Support of $60.95.

HEXO    HEXO INC.     Money Wave Buy today. Target is $8.50.  EXIT if it is going to Close below Support of $6.53.

SNAP   SNAP, INC.      Money Wave Buy today. Target is $13.00.  EXIT if it is going to Close below Support of $10.04.

 

XLK    TECH FUND    Medium Term Buy when it Closes Above the Red Line of $75.02. Target is $80.00.  EXIT if it is going to Close below Support of $73.10.

XLY    CONSUMER FUND    Medium Term Buy when it Closes Above the Red Line of $115.60. Target is $121.00.  EXIT if it is going to Close below Support of $113.43.

 

TTD    TRADE DESK INC.    Medium Term Buy when it Closes Above the Red Line of $198.01.  TTD will not be logged, as it is already up 7.5% today.

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

 

HLMA.L   HALMA INC.    (London LSE)  Money Wave Buy today. We do not log Foreign Investments.

RECLTD.IN    RURAL ELECTRIFICATION CORP.  (India NSE)  Money Wave Buy today. We do not log Foreign Investments.

 

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

ANF   ABERCROMBIE & FITCH    

CGC    CANOPY GROWTH    Money Wave must Close in the Green Zone.    

DIS    WALT DISNEY CO.    Buy if it Closes above $135.97 on High Volume. 

EDU    NEW ORIENTAL EDUCATION    Medium Term Buy when it Closes Above the Red Line of $86.64.

FB    FACEBOOK INC.    Money Wave must Close in the Green Zone.   

SMH   SEMICONDUCTOR FUND    Medium Term Buy when it Closes Above the Red Line of $110.11.    

YUMC   YUM CHINA HOLDINGS    Medium Term Buy when it Closes Above the Red Line of $43.67.  

 

NON US INVESTMENTS   (These will not be logged.)   

JLP.L     JUBILEE PLATINUM     (London LSE)

WIPRO.IN     WIPRO LTD.      (India NSE)

  

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   

 

LOWER the Sell Stop Loss on    PBR    PETROBRAS ENERGY    to today’s Low of $13.98. We will try to sell around $15.20.

 

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.