Markets were down sharply again today as unsophisticated Investors are still Selling because they don’t understand that long term Interest Rates and Commodities should be peaking soon. That should cause a rally up on the Tech Stocks. Oil and Commodities dumped big today…
Bonds were actually up slightly today, but are 20 % Below the Green Line because of FEAR Selling. Eventually Bonds will stretch too far down Below the Green Line, and then snap back up (then Lower Interest Rates).
We don’t want to be Selling any Investments now that are still Above the Green Lines today. They should pop up nicely when this Flushing is over.
Bonds need to peak before we can see a decent rally in Stocks. This is currently a weak Market, so please be patient wait for more Money Wave Buy Signals. Most stocks at this time do not have high enough Relative Strength to meet the Green Line Rules. BUYS SOON – CHARTS The best moves are when the S&P 500 Index is also coming up out of the Green Zone.
BUYS TODAY 5/9/2022 NONE TODAY
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).
SWN SOUTHWESTERN ENERGY CO. LOWER Sell Stop Loss below $6.00 until it bottoms.
XME METALS & MINING FUND LOWER Sell Stop Loss below $53.00 until it bottoms.
Bonds were up slightly today, and are Way Below the Green Line.
Crude Oil was down $7.46 today at $102.31. ________________________________________________________________________________________________________________
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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.