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May 4, 2018

Money Wave Alert! May 4, 2018

QQQ Chart
NASDAQ 100 is finally back Above the Red Line.

 

Markets “Gapped Up” today, as the  NASDAQ 100  sliced Above the Red Line (50-day avg.) to bring in more Buying.  The Small Caps and NASDAQ 100 Indices are holding up the best.

The S&P 500 & DOW Indices still must get back Above the Red Lines (50-day avgs.) to bring in more Buying.

Crude Oil  was up again today at $69.70.

_____________________________________________________________________________________

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

 

BUYS TODAY    

 

MU    MICRON TECH   Money Wave Buy today. Place Sell Stop Loss below Support of $45.31 on the Close. This will be a 2nd entry for a Short Term Trade.

ERIC    ERICSSON TELEPHONE    Money Wave Buy today. ERIC will not be Logged, as the Volume is Below average.We will “Not Log” trades if the Reward/Risk is not at least 2:1.

 

Money Wave Buys soon for:

GERN    GERON CORP.    Money Wave must Close in the Green Zone.

 

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    IMGN    IMMUNOGEN INC.    if it is going to Close Below your Buy Price, or $10.81.

EXIT    GES    GUESS? INC.    if it is going to Close Below the Pink Line around $23.25. 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.

 

HAVE A NICE WEEKEND!

Posted By AbovetheGreenLine at 2:39 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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