Markets were lower again today as the Selling continued on higher Volume. Most of the Indices made New Lows in the morning, but were able to Close back above for a possible “False Breakdown” (maybe Bullish). Semiconductors and growth stocks were holding up better today.
This is currently a weak Market, so the FED might only raise 1/2 point now, instead of 3/4 point. Currently FEAR is High, and that is when we like to Buy. Investments that hold near the Red Lines (50-day avgs.) usually pop up first.
New Subscribers: Many are nervous until May 5th FED Meeting. Several more Money Wave 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 (like Now!).
BUYS TODAY 5/2/2022 NONE TODAY
BUYS TOMORROW – SWING TRADING STOCKS Shop for a better price earlier in the day with Triple Buy Signal, on the same day that a Daily Money Wave Buy Signal will occur.
BRCC BRC INC. (BLACK RIFLE COFFEE) Wait for Money Wave Close > 20 with High Volume.
SBS COMPANHIA de SANEAMENTO (WATER) Buy above $9.32 with High Volume with a 5% Trailing Sell Stop Loss below it.
UEC URANIUM ENERGY CORP. Relative Strength is below 90. AVOID.
BRCC BRC INC. (BLACK RIFLE COFFEE) Wait for Money Wave Close > 20 with High Volume.
GDX GOLD MINERS FUND Buy above $36.09 with High Volume with a 5% Trailing Sell Stop Loss below it.
VERU VERU INC. Wait for Money Wave Close > 20 with High Volume.
XLU UTILITIES FUND Wait for Money Wave Close > 20 with High Volume.
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). KR KROGER CO.
SELLS TODAY
EWZ BRAZIL FUND EXIT if it is going to Close below $32.37.
XME METALS & MINING FUND LOWER the Sell Stop Loss below $53.00 until it Bottoms.
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DAY TRADING SETUPS. Several Triple Buy Pops today: BBIG (+5%) HUSA (+5%) MARA (+6%) & VIX (+9%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds made new Lows today, and are Way Below the Green Line.
Crude Oil was up $0.56 today at $105.25. _________________________________________________________________________________________________________________
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ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
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New TOP 100 LIST Updated May 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.
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– BRCC