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May 29, 2019

Money Wave Alert! May 29, 2019

 

The S&P 500 Index looks like it will be an A-B-C Correction.

 

Markets were down again today as the  S&P 500 Index fell below the recent Support of 2801. So now this looks like an A-B-C Correction down, with the count on SPY around $274 (see Chart above).

The Techs and Semiconductors are trying to firm up but still don’t have many Buyers yet. The Markets should force a Trade Solution soon.

 

Crude Oil was down $0.40  today at $58.75. ______________________________________________________________________________________________________

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

 

BUYS TODAY    5/29/2019    

 

PLNT    PLANET FITNESS      Medium Term Buy today.  Target is $82.00. EXIT if it is going to Close below the Red Line of $73.73. 

MTCH     MATCH GROUP, INC.    Medium Term Buy today.  Target is $76.00. EXIT if it is going to Close below the Red Line of $63.24. 

 

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

CDNS     CADENCE DESIGN    Buy when it is going to Close above $65.13.

CVNA    CARVANA CORP.    Medium Term Buy when it Closes Above the Red Line of $62.15.

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 $85.57.     

LSCC   LATTICE SEMI    Medium Term Buy when it Closes Above the Red Line of $12.50.          

SBUX   STARBUCKS CORP.   

TWLO    TWILIO CORP.

VMW     VMWARE, INC.   

XLP    CONSUMER STAPLES FUND

 

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)  

QLT.L    QUILTER PLC    (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   

 

CHANGE    BLL    BALL CORP.    to Medium Term (Sell Stop Loss below the Red Line of $59.66).

LOWER  the Sell Stop Loss on      CGC     CANOPY GROWTH    to  $39.66 until it bottoms.   

 

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 2:46 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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