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May 2, 2019

Money Wave Alert! May 2, 2019

DIA Chart
The DOW Index is returning to the Green Zone.

 

Markets were down again today as the  S&P 500 Index Closed below the Pink Line (10-day avg.) of 2927, to create a Short Term Sell Signal.  Selling was mild, and the Volume was average.

Please WAIT for the Leaders to return back down to their Green Zones for Money Wave Buy Signals. 

Crude Oil was down $1.95  today at  $61.65.

__________________________________________________________________________________________________

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

 

BUYS TODAY    NONE TODAY     

 

TA.TO    TRANS ALTA CORP. (Toronto TSE)   Money Wave Buy today.  TA.TO  will not be logged as it is on the Toronto Exchange.

 

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

ASHR    CHINA FUND     Buy Signal never crossed up yesterday.

DBD    DIEBOLT     

IONS   IONIS PHARM.     Buy if it is going to Close above $75.11.    

MRVL     MARVELL TECH    Money Wave must Close in the Green Zone.

SID      COMPANHIA SIDERURGICA    (2nd Buy Signal).  Medium Term Buy when it Closes above the Red Line of $3.74.     

XLY     CONSUMER FUND    Money Wave must Close in the Green Zone.

 

NON US INVESTMENTS    (These will not be logged.)   

EVR.L    EVRAZ  (London LSE)     

HBM.TO    HUDBAY MINERALS  (Toronto TSE)

  

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     ZS        ZSCALER, INC.     if it is going to Close below the Pink Line around $65.90.  

 

EXIT      CGC      CANOPY  GROWTH    if it is going to Close below the Pink Line around $48.81.   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.

Related Post

– Money Wave Alert! May 1, 2019

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SH Chart
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