The S&P 500 Index needs to hold above the Red Line (50-day avg.) of 2859 today, to remain Bullish. The Leaders have bounced up out of their Green Zones for Money Wave Buys.
Crude Oil was down $0.17 today at $62.70. ______________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 5/17/2019 NONE TODAY
WIPRO.IN WIPRO LTD. (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 Medium Term Buy when it Closes Above the Red Line of $26.56.
CGC CANOPY GROWTH Medium Term Buy when it Closes Above the Red Line of $45.60.
DIS WALT DISNEY CO. Buy when it Closes above $135.97 on Higher Volume.
EDU NEW ORIENTAL EDUCATION Medium Term Buy when it Closes Above the Red Line of $86.50.
SMH SEMICONDUCTOR FUND Medium Term Buy when it Closes Above the Red Line of $110.01.
ZIXI ZIXI CORP.
NON US INVESTMENTS (These will not be logged.)
IOF.L IOFINA INC. (London LSE)
OCDO.L OCADO LTD. (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).
EXIT SNAP SNAP INC. on the Close today, or have a tight Sell Stop Below it, to capture a 8% gain in 4 days. We will try to buy it again lower.
CHANGE QCOM QUALCOMM INC. to Medium Term (Sell Stop Loss below the Red Line of $73.11) until it bottoms.
EXIT TTD TRADE DESK INC. if it is going to Close below the Red Line of $198.15. This trade was not logged.
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.
HAVE A NICE WEEKEND!