Markets were lower again today as the Indices are re-testing last week’s Lows. So far all is well and the low Volume could indicate that the Selling is drying up. the S&P 500 is the only major Index that is back above the Green Line. Many are waiting on the S&P 500 to Close above the Red Line (50-day avg.) before getting back in.
Disciplined traders are Buying only the limited number of Leaders, so most of the Leaders were over-bought. Currently the DOW 30. NASDAQ 100 and Small Cap Indices are still Below the Green Lines, so we are being cautious now.
FEAR is usually a good time to Buy. But we don’t want to be the only ones Buying, so we are waiting on improved Buying Volume.
New Subscribers: Many are not buying with the Russia situation going on now, as the Volume is low. We need High Volume for better moves up. Please be patient and Wait for more Buy Signals soon. BUYS SOON – CHARTS The best moves are when the S&P 500 Index is also coming up out of the Green Zone.
BUYS TODAY 3/4/2022
PBF PBF ENERGY CORP. Shot up above the Pink Line of $17.34. PBF has already hit the Target of $19.75 for a 13.5 % Gain, but the Volume was not High. Don’t Take a Loss.
BUYS TOMORROW – JUMP START STOCKS Shop for a better price earlier in the day. Only use Jump Start on the same day that a Daily Money Wave Buy Signal will occur.
NONE TODAY
BTI BRITISH AMER TOBACCO PLC Money Wave must Close in the Green Zone.
IAU GOLD FUND Target was already Hit. AVOID.
KAR KAR AUCTION SERVICES Money Wave must Close in the Green Zone.
MAR MARRIOTT INT’L. Money Wave must Close in the Green Zone. (2nd Buy Signal soon).
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Follow on the WATCH LIST.
The Leaders are Way Above the Green Lines (all Investments eventually return to their Green Lines).
SELLS TODAY
EXPE EXPEDIA INC. Lower Sell Stop Loss below the Green Line until it bottoms.
MAR MARRIOTT INT’L. EXIT if it is going to Close below Support of $162.95. This trade was not logged.
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DAY TRADING SETUPS. A few Triple Buy Pops today: SQQQ (+6%) TZA (+6%) & VIV (+11%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up again today, but are Below the Green Line.
Crude Oil was up $7.50 today at $115.14, a New High.
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MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
TRADE ALERTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
GREEN LINE RULES
ETF SECTOR ROTATION SYSTEM
New TOP 100 LIST Updated Mar 1, 2022
Many like to Buy the Swing Trades just before the Close, if the Money Wave is going to create a Buy Signal (Closing > 20 and up out of the Green Zone).
Don’t Buy if the Investment has already popped up too much. Money Wave Buy Signals 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, or Low Volume. These have more risk.
HAVE A NICE WEEKEND!
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– PBF