Money Wave Alert! May 16, 2018

POST UPDATED: May 16, 2018

Table of Contents

SPX 60
S&P 500 needs to get above Monday’s High soon.

 

Markets were up today, as the Indices are trying to get above Monday’s Highs. Interest Rates are up on the 10-year note to 3.1%, causing competition for Stocks.

Please be patient, and WAIT for the Leading Investments to return to the Green Zones for more Money Wave Buy Signals.

Crude Oil  was up today at $71.45.

_____________________________________________________________________________________

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:

ERIC    ERICSSON TELEPHONE    

MLCO    MELCO RESORTS     Money Wave must Close in the Green Zone.

RHT    RED HAT INC.   

GERN    GERON CORP.    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).

______________________________________________________________________________________

SELLS TODAY   

 

EXIT    AEO    AMER. EAGLE OUTFITTERS on the Close today, or have a tight Sell Stop below it to capture a 9.50% Gain.

RAISE the Sell Stop Loss on   GBT   GLOBAL BLOOD    to the Red Line of $48.03 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.

Related Post

Watch List.

Become a Greenliner. Join Today

Candlestick. A Swing Traders Friend

A snapshot of the daily updates that help traders stay aligned with market direction.

Download our free ebook - Candlestick A swing traders friend