Markets were up again today on mild follow thru Buying. The S&P 5oo Index has stalled out around the May High of 2954, which is normal. It needs to Close above there on heavy Volume for more Buying. It has Support on the Red Line (50-day avg.) of 2863.
Most of the Leaders are over-bought and are back up in the Red Zones (probably too late to Buy for the Short Term). Please be patient and WAIT for more Investments to return to their Green Zones for Money Wave Buys again.
Crude Oil was up $0.50 today at $57.50. ______________________________________________________________________________________________________
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 6/21/2019
TGT TARGET CORP. Money Wave Buy today. TGT will not be logged, as it is almost back up to the Highs again.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
LONG TERM BUYS: We will hold off on any Buys this week, as the Markets are on Highs.
Money Wave Buys Signals Soon: (Best to Buy when the S&P 500 is also in the Green Zone.)
MTCH MATCH GROUP Money Wave must Close in the Green Zone.
UAA UNDER ARMOUR INC.
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
EXIT LSCC LATTICE SEMICONDUCTOR if it is going to Close below the Pink Line around $14.54. This trade was not logged.
EXIT TWLO TWILIO INC if it is going to Close below the Pink Line around $142.78. 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.
HAVE A NICE WEEKEND!
