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May 31, 2019

Money Wave Alert! May 31, 2019

SPY Chart
Waiting to see if the S&P 500 Index (SPY) will bounce near 274.

 

Recent BAD NEWS has caused FEAR in the Markets, and that is when we like to BUY. First we need to make sure this decline is an A-B-C Correction down, and the SPY needs to bounce soon around $274 (see chart above).

Markets “Gapped Down” today on Bad News, but 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 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 $3.48  today at $53.11. ______________________________________________________________________________________________________

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

 

BUYS TODAY    5/31/2019    

 

EDU    NEW ORIENTAL EDUCATION    Medium Term Buy if it is going to Close Above the Red Line of $85.52.  Target is $98.00. EXIT if it is going to Close below Support of $80.18.

 

LSCC   LATTICE SEMI    Medium Term Buy when it Closes Above the Red Line of $12.49.  LSCC will not be logged as the Volume is Below average.

TWLO    TWILIO CORP.     Money Wave Buy today.  TWLO will not be logged, as it is already up 4% today.

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

 

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 $61.87.

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 $85.52.     

ITB     HOME BUILDING FUND       

TSN     TYSON FOODS

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   

 

LOWER the Sell Stop Loss on     AVGO    BROADCOM INC.     to $250.00  until it Bottoms.

LOWER the Sell Stop Loss on     FB   FACEBOOK INC.     to $175.00  until it Bottoms.

LOWER the Sell Stop Loss on     HEXO    HEXO CORP.   to today’s Low of  $6.28 until it Bottoms.

LOWER the Sell Stop Loss on     I    INTELSAT GLOBAL    to the previous Support of $14.81 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.

 

HAVE A NICE WEEKEND!

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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