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May 30, 2018

Money Wave Alert! May 30, 2018

XOP Chart
Energy Stocks Popped up Big today.

 

Markets were higher today as the S&P 500 bounced off the Red Line (50-day avg.)  Many Leaders other than Energy Investments are back up in the Red Zones (probably too late to Buy for the Short Term).

The Strong Energy Stocks have taken off like rockets out of the Green Zones!

Bonds are pulling back today after yesterday’s big rally.

Crude Oil  was up today at $68.35.

 

Please be patient, and WAIT for the Leading Investments to return to the Green Zones for more Money Wave Buy Signals.

_____________________________________________________________________________________

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

 

BUYS TODAY    

ETFC    E-TRADE FINANCIAL     Money Wave Buy today. Place Sell Stop Loss below Support of $61.93 on the Close.

NTNX    NUTANIX, INC.     Money Wave Buy today. Place Sell Stop Loss below Support of $51.05 on the Close.

 

CRC    CALIFORNIA RESOURCES     This Trade will not be logged as CRC is already up 8% today.

LGCY   LEGACY RESERVES    This Trade will not be logged as LGCY is already up 25% today.

RIG    TRANSOCEAN, INC.      This Trade will not be logged as RIG is already up 4% today.

XOP    OIL & GAS FUND     This Trade will not be logged as XOP is already up 4% today.

We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

 

Money Wave Buys soon for:

SPLK    SPLUNK INC.    Money Wave must Close in the Green Zone.

USO    US OIL FUND    

WTI    W&T  OFFSHORE

 

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).

______________________________________________________________________________________

SELLS TODAY   

 

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.

Posted By AbovetheGreenLine at 2:32 pm Leave a Comment

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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