Markets were down again today on FEAR Selling and lower Volume. The Techs and Semiconductors are weak again. The Markets should force a Trade Solution soon.
The S&P 500 Index fell below the Red Line (50-day avg.) of 2858, and now needs to hold at last Monday’s Low of 2801. to remain Bullish. A Close above 2892 should bring in more Buyers.
Crude Oil was down big at $3.69 today at $67.75. ______________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 5/23/2019 NONE TODAY
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 $26.33.
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 $85.92.
LSCC LATTICE SEMI Medium Term Buy when it Closes Above the Red Line of $12.54.
SBUX STARBUCKS CORP.
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).
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SELLS TODAY
AVP AVON PRODUCTS 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.
LOWER the Sell Stop Loss on AVGO BROADCOM INC. to today’s Low of $258.17.
CHANGE XLK TECH FUND to Long Term (Sell Stop Below the Green Line of $69.91).
CHANGE XLY CONSUMER FUND to Long Term (Sell Stop Below the Green Line of $108.93).
We will EXIT USO US OIL Fund tomorrow on the Close if the Weekly Close is below the Green Line of $12.55.
EXIT AYX ALTERIX, INC. if it is going to Close below your Buy Price, or $87.97. This trade was not logged.
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.
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