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May 7, 2018

Money Wave Alert! May 7, 2018

DIA Chart
The DOW is still struggling at the Red Line.

 

Markets were up again today, as the S&P 500 & DOW Indices are trying to get back Above the Red Lines (50-day avgs.) to bring in more Buying.

The  NASDAQ 100  is Above the Red Line (50-day avg.) but is up near the mid April Resistance of 167. The Small Caps are not quite as strong, but are well Above the Red Line.

 

Crude Oil  was up again today at $70.04.

_____________________________________________________________________________________

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

 

BUYS TODAY    NONE TODAY

 

 

Money Wave Buys soon for:

CVNA    CARVANA CO.

URBN    URBAN OUTFITTERS    Money Wave must Close in the Green Zone.

WTW    WEIGHT WATCHERS INT’L.    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   

 

LOWER the Sell Stop Loss on   AEO    AMER. EAGLE  OUTFITTERS    to $19.44 on the Close.

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.

Posted By AbovetheGreenLine at 2:40 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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