Markets were down today on Low Volume. Buyers need a reason to get back in, and the Semiconductors have not bounced up off the Green Line.
The S&P 500 Index is still battling to hold above the Red Line (50-day avg.) of 2858, to remain Bullish. A Close above 2892 should bring in more Buyers.
Crude Oil was down $1.70 today at $61.75. ______________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 5/22/2019
FB FACEBOOK INC. Buy today if it is going to Close above the Pink Line of $185.10 today. Target is $200. EXIT if it is going to Close below Support of $178.10.
CGC CANOPY GROWTH Medium Term Buy when it Closes Above the Red Line of $45.50. Target is $53.00. EXIT if it is going to Close below Support of $43.02.
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 $26.43.
BLL BALL CORP.
CDNS CADENCE DESIGN
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 $86.15.
LSCC LATTICE SEMI Medium Term Buy when it Closes Above the Red Line of $12.59.
NON US INVESTMENTS (These will not be logged.)
IOF.L IOFINA INC. (London LSE)
JLP.L JUBILEE PLATINUM (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
AVP AVON PRODUCTS announced Buy Out discussions with NATURA COSMETICS. AVP is up 11.5% today. EXIT AVP today if you can get at least $3.55, or have a tight Sell Stop Loss below it to capture a 17% Gain. We will hold off on the Long Term Buy Signal for now.
CHANGE QCOM QUALCOMM INC. to Long Term (Sell Stop Below the Green Line of $61.96). QCOM was hit with Bad News today, and we should be able to Sell it higher in a few weeks.
EXIT CVNA CARVANA CO. if it is going to Close below $65.00. This trade was not logged.
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.
