Money Wave Alert! May 25, 2018

 

 

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!