Markets will be Closed on Monday for Memorial Day Holiday.
Markets were mainly weak today on lower pre-Holiday Volume, The S&P 500 is just under the Pink Line (10-day avg.) around 2723 at the time of this post. The S&P closing below 2723 could create a Short Term Sell Signal.
Many Strong Energy Stocks should be ready for Pops next week.
The Small Caps look like they need to re-test the recent All-Time High soon.
Bonds have rallied up off of Support but are still Below the Green Line.
Crude Oil was down again today at $67.70.
Please be patient, and WAIT for the Leading Investments to return to the Green Zones for more Money Wave Buy Signals.
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The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY
Money Wave Buys soon for:
CRC CALIFORNIA RESOURCES Money Wave must Close in the Green Zone.
LGCY LEGACY RESERVES
NTNX NUTANIX, INC. Money Wave must Close in the Green Zone.
RIG TRANSOCEAN, INC. Money Wave must Close in the Green Zone.
USO US OIL FUND Money Wave must Close in the Green Zone.
XOP OIL & GAS FUND Money Wave must Close in the Green Zone.
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 still Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
LOWER the Sell Stop Loss on HLF HERBALIFE NUTRiTION to today’s Low of $48.25, and try to get out on a bounce next week up around $52. HLF was hit with Bad News today.
Change VALE VALE DO RIO SA to Medium Term (Sell Stop Below the Red Line around $13.81).
EXIT ANF ABERCROMBIE & FITCH if it is going to Close Below the Red Line around $28.30. 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!