Money Wave Alert! May 6, 2019

 

Markets “Gapped Down” on Bad News today, but the DOW Index was able to Bounce up at the 50-day average. The  S&P 500 Index it trying to Close above the Pink Line (10-day avg.) of 2934, to avoid another Short Term Sell Signal.  

Please WAIT for the Leaders to return back down to their Green Zones for Money Wave Buy Signals. 

Crude Oil was up $0.80  today at  $62.75.

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

 

BUYS TODAY    

 

DIS     WALT DISNEY Co.    Buy if it Closes above $135.34 on High Volume.  Target is $143.00. EXIT if it is going to close below $132.30.

 

MRVL    MARVELL TECH      Money Wave Buy today.  MRVL will not be logged, and the Volume is below average. 

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.)      

AVP     AVON PRODUCTS    Money Wave must Close in the Green Zone.

GLUU     GLU MOBILE INC.    Money Wave must Close in the Green Zone.

IONS   IONIS PHARM.     Buy if it is going to Close above $75.11.          

TWLO    TWILIO, INC.    Money Wave must Close in the Green Zone.

XLY     CONSUMER FUND    Money Wave must Close in the Green Zone.

 

NON US INVESTMENTS   (These will not be logged.)   

ASHM.L     ASHMORE GROUP    (London LSE)

EVR.L    EVRAZ  (London LSE)     

RECLTD.IN     RURAL ELECTRIFICATION CORP.  (India NSE)

  

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).

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SELLS TODAY   

 

EXIT    ASHR    CHINA FUND      if it is going to Close below Support of  $28.58.   

EXIT    CIEN   CIENA CORP.     (Short Term Buy only)    if it is going to Close below Support of  $37.92. 

 

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.