Markets were down today as the Indexes are now re-testing last Monday’s Lows. The Semiconductors were down more today on restrictions with Huawei in China.
The S&P 500 Index will probably not hold above the Red Line (50-day avg.) of 2859 today, to remain Bullish. The Leaders need to hold up higher than last week for a good rally.
Crude Oil was up $0.46 today at $63.22. ______________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 5/20/2019
ZIXI ZIXI CORP. Medium Term Buy today. Target is $11.50. EXIT if it is going to Close below the Red Line of $8.32.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
ANF ABERCROMBIE & FITCH Medium Term Buy when it Closes Above the Red Line of $26.54.
CGC CANOPY GROWTH Medium Term Buy when it Closes Above the Red Line of $45.50.
DIS WALT DISNEY CO. Buy when it Closes above $135.97 on Higher Volume.
EDU NEW ORIENTAL EDUCATION Medium Term Buy when it Closes Above the Red Line of $8635.
QCOM QUALCOMM INC. (2nd Buy Signal soon)
NON US INVESTMENTS (These will not be logged.)
IOF.L IOFINA INC. (London LSE)
OCDO.L OCADO LTD. (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).
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SELLS TODAY
CHANGE AVGO BROADCOM INC. to Long Term (Sell Stop Loss below the Green Line of $260.86) until it bottoms. We will try to Sell around $295.
EXIT AYX ALTERYX, INC. if it is going to Close below your Buy Price, or $87.97. 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.
