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May 17, 2019

Money Wave Alert! May 17, 2019

SMH Chart
The Semiconductor Fund (SMH) has still not bottomed.

 

Markets were down slightly today after having a three day rally up. The Semiconductors were weak again today.

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).

______________________________________________________________________________________

 

SELLS TODAY   

 

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!

Related Post

– Money Wave Alert! May 16, 2019

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