Recent BAD NEWS has caused FEAR in the Markets, and that is when we like to BUY. First we need to make sure this decline is an A-B-C Correction down, and the SPY needs to bounce soon around $274 (see chart above).
Markets “Gapped Down” today on Bad News, but the S&P 500 Index is back down in the Green Zone, and the Watch List is large which normally means a bounce up is coming soon.
The Techs and Semiconductors are trying to firm up but still don’t have many Buyers yet. The Markets should force a Trade Solution soon.
Crude Oil was down $3.48 today at $53.11. ______________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 5/31/2019
EDU NEW ORIENTAL EDUCATION Medium Term Buy if it is going to Close Above the Red Line of $85.52. Target is $98.00. EXIT if it is going to Close below Support of $80.18.
LSCC LATTICE SEMI Medium Term Buy when it Closes Above the Red Line of $12.49. LSCC will not be logged as the Volume is Below average.
TWLO TWILIO CORP. Money Wave Buy today. TWLO will not be logged, as it is already up 4% today.
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.)
CDNS CADENCE DESIGN Buy when it is going to Close above $65.13.
CVNA CARVANA CORP. Medium Term Buy when it Closes Above the Red Line of $61.87.
DIS WALT DISNEY CO. Buy when it Closes above $134.04 on Higher Volume.
EDU NEW ORIENTAL EDUCATION Medium Term Buy when it Closes Above the Red Line of $85.52.
ITB HOME BUILDING FUND
TSN TYSON FOODS
VMW VMWARE, INC.
XLP CONSUMER STAPLES FUND
XLU UTILITIES FUND
NON US INVESTMENTS (These will not be logged.)
EFN.TO ELEMENT FINANCIAL (Toronto TSE)
JLP.L JUBILEE PLATINUM (London LSE)
EFN.TO ELEMENT FINANCIAL (Toronto TSE)
QLT.L QUILTER PLC (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
LOWER the Sell Stop Loss on AVGO BROADCOM INC. to $250.00 until it Bottoms.
LOWER the Sell Stop Loss on FB FACEBOOK INC. to $175.00 until it Bottoms.
LOWER the Sell Stop Loss on HEXO HEXO CORP. to today’s Low of $6.28 until it Bottoms.
LOWER the Sell Stop Loss on I INTELSAT GLOBAL to the previous Support of $14.81 until it Bottoms.
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.
HAVE A NICE WEEKEND!
