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May 22, 2019

Money Wave Alert! May 22, 2019

AVON Products (AVP) Broke Out on Huge Volume! Merger talks possible with Natura Cosmetics.

 

Markets were down today on Low Volume. Buyers need a reason to get back in, and the Semiconductors have not bounced up off the Green Line.

The  S&P 500 Index is still battling to hold above the Red Line (50-day avg.) of 2858, to remain Bullish. A Close above 2892 should bring in more Buyers.

 

Crude Oil was down $1.70  today at $61.75. ______________________________________________________________________________________________________

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

 

BUYS TODAY    5/22/2019    

 

FB    FACEBOOK INC.    Buy today if it is going to Close above the Pink Line of $185.10 today.  Target is $200. EXIT if it is going to Close below Support of  $178.10.

CGC    CANOPY GROWTH    Medium Term Buy when it Closes Above the Red Line of $45.50.   Target is $53.00.  EXIT if it is going to Close below Support of $43.02.

 

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 $26.43.     

BLL   BALL CORP.   

CDNS     CADENCE DESIGN  

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 $86.15.     

LSCC   LATTICE SEMI    Medium Term Buy when it Closes Above the Red Line of $12.59.     

 

NON US INVESTMENTS   (These will not be logged.)   

IOF.L    IOFINA INC.    (London LSE)     

JLP.L   JUBILEE PLATINUM     (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   

 

AVP   AVON PRODUCTS    announced  Buy Out discussions with NATURA COSMETICS.  AVP is up 11.5% today. EXIT AVP today if you can get at least $3.55, or have a tight Sell Stop Loss below it to capture a 17% Gain.  We will hold off on the Long Term Buy Signal for now.

 

CHANGE     QCOM   QUALCOMM INC.    to Long Term (Sell Stop Below the Green Line of $61.96). QCOM was hit with Bad News today, and we should be able to Sell it higher in a few weeks.     

 

EXIT     CVNA    CARVANA CO. if it is going to Close below $65.00. This trade was not logged.

 

 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 2:36 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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