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.
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!
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…
Thank you.
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
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!