S&P 500 finally got Above the Red Line!
Markets were up today, as the S&P 500 & DOW Indices finally hopped Above the Red Lines (50-day avgs.), to bring in more Buying.
The NASDAQ 100 is Above the Red Line (50-day avg.) and was able to surpass the mid April Resistance of 167. The Small Caps are almost back up to the Highs.
Caution! Most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short Term).
Crude Oil was up to New Highs at $71.15.
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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 NONE TODAY
Money Wave Buys soon for:
CVNA CARVANA CO.
M MACY’S INC. 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).
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SELLS TODAY
EXIT SGH SMART GLOBAL HOLDINGS if it is going to Close Below your Buy Price, or $44.95.
RAISE the SELL STOP LOSS on STX SEAGATE TECH to the Pink Line around $56.58 on the Close.
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.
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– CVNA
