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May 30, 2019

Money Wave Alert! May 30, 2019

TLT Chart
Why is Tammy Buying Bonds Way Above the Green Line?

 

Markets were mixed today after having a small rally this morning. The  S&P 500 Index is back down in the Green Zone, and the Watch List is large which normally means a bounce up is coming soon.

The S&P 500 Index looks like an A-B-C Correction down, with the count on SPY around $274 on the SPY.

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 $2.30  today at $56.50. ______________________________________________________________________________________________________

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

 

BUYS TODAY    5/30/2019    

 

SBUX     STARBUCKS CORP.      Money Wave Buy today.  Target is $80.00. EXIT if it is going to Close below the Red Line of $74.33. 

 

IOF.L    IOFINA INC.    (London LSE)      We will not log Foreign Investments. 

OCDO.L    OCADO LTD.     (London LSE)      We will not log Foreign Investments. 

 

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 $62.05.

DIS    WALT DISNEY CO.    Buy when it Closes above $134.04 on Higher Volume.

EDU    NEW ORIENTAL EDUCATION    Medium Term Buy when it Closes Above the Red Line of $85.48.     

ITB     HOME BUILDING FUND

LSCC   LATTICE SEMI    Medium Term Buy when it Closes Above the Red Line of $12.49.          

SBUX   STARBUCKS CORP.   

TSN     TYSON FOODS

TWLO    TWILIO CORP.

VMW     VMWARE, INC.   

XLP    CONSUMER STAPLES FUND   

XLU    UTILITIES FUND

 

NON US INVESTMENTS   (These will not be logged.)     

EFN.TO     ELEMENT FINANCIAL     (Toronto TSE)

JLP.L   JUBILEE PLATINUM     (London LSE)     EFN.TO     ELEMENT FINANCIAL     (Toronto TSE)  

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   

 

EXIT    USO    US OIL FUND     today if it is going to Close below Support of $11.92.   

 

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 2:44 pm 5 Comments Tagged With: premium

Comments

  1. AbovetheGreenLine says

    May 30, 2019 at 3:01 pm

    The major Indices are now down in the Green Zones for Money Wave Buy Signals soon.

    Usually theses Indices have a Relative Strength below 90, so they don’t meet the Rules (Above 90 Relative Strength) for Signals.

    You can see the S&P 500 Chart on the daily emails by clicking on the Markets link in the first paragraph.

    Markets

    Good trading, and tell your friends!

    Log in to Reply
  2. AbovetheGreenLine says

    May 31, 2019 at 9:57 am

    Tammy does not know where the Green Line is, and that all Investments eventually return to their Green Line.

    Tammy’s GREED is making her become emotional and Panic Buy…

    Log in to Reply
    • rerite2 says

      May 31, 2019 at 12:49 pm

      Thank you.

      Log in to Reply
  3. tallgrass says

    May 31, 2019 at 1:01 pm

    Maybe I asked but I am starting chart beautification program. How do I get the red and green shaded areas in my Slow Sto area or for that matter on any Stochchart indicators ? Really highlights things nicely!

    Thanks,
    Steve

    Log in to Reply
    • AbovetheGreenLine says

      June 1, 2019 at 10:07 am

      Thank you!

      The Red & Green Zones must be manually set up for each Chart:

      Click on the Chart, go to Annotate/Tool Bar/Rectangle Draw the Rectangle and fill in with the color.

      Goodtrading and tell your friends!

      Log in to Reply

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