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May 16, 2019

Money Wave Alert! May 16, 2019

NASDAQ 100 (QQQ) was up again today.

 

Markets were up again today as the FEAR seems to be disappearing. Many Investments are Closing stronger, but the Semiconductors are weak today.

The  S&P 500 Index should Close back above the Red Line (50-day avg.) of 2859 today, which would be Bullish. The Leaders are bouncing up out of their Green Zones for Money Wave Buys.

The NASDAQ 100 INDEX (QQQ) and TECH Fund (XLK) are holding up better.  

Crude Oil was up $1.02  today at $63.04. ______________________________________________________________________________________________________

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.     Closing above $66.10 today. CVNA will not be logged as it is already up 5 % today.

DIS    WALT DISNEY CO.    Probably Closing  above $135.97 today, but the Volume is below average.   DIS will not be logged.

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

 

JLP.L     JUBILEE PLATINUM     (London LSE)      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      Medium Term Buy when it Closes Above the Red Line of $26.58.   

CGC    CANOPY GROWTH    Medium Term Buy when it Closes Above the Red Line of $45.64.   

EDU    NEW ORIENTAL EDUCATION    Medium Term Buy when it Closes Above the Red Line of $86.56.

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 $110.01.    

YUMC   YUM CHINA HOLDINGS    Relative Strength is Below 90.     

ZIXI     ZIXI CORP.

 

NON US INVESTMENTS   (These will not be logged.)   

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).

______________________________________________________________________________________

 

SELLS TODAY   

 

EXIT    TWLO    TWILIO INC.   on the Close today, or have a tight Sell Stop Below it. TWLO has bounced up 18% in 4 days. We will try to buy it again lower.

 

LOWER the Sell Stop Loss on    PBR     PETROBRAS ENERGY    to $13.00 until it bottoms.

LOWER the Sell Stop Loss on    QCOM    QUALCOMM INC.     to the previous Support of $82.26.  

 

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 2:37 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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