Markets were mixed today, as the Big Tech stocks were weak but the Semiconductors were higher. Long term Interest Rates and the US Dollar continued to creep up, but are Way Above the Green Line and should be having a Buying Climax soon. It looks like the US Dollar and long term Interest Rates need to peak before the S&P 500 can rally much.
The Market is frustrating at this time as the Leading Commodity and Defensive Stocks are very over-bought, but won’t correct much to Buy. And most other Stocks no longer have a 90 Relative Strength required.
The S&P 500 Index is trying to come up out of the Green Zone (probably too late to Sell for the Short Term) for a Buy Signal and we have plenty of Cash for more Money Wave Buy Signals below.
New Subscribers: Now some of the strongest Stocks have come down near the Green Zones 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. (Now in the Green Zone).
BUYS TODAY 4/18/2022
ZIM ZIM INTEGRATED SHIPPING Money Wave Buy today. Target is $73. EXIT if it is going to Close below $54.10.
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.
LAC LITHIUM AMERICAS CORP. Relative Strength is Below 90. Avoid.
TSLA TSLA INC. Buy above $1026.24 with High Volume with a 3% Trailing Sell Stop Loss below it.
VALE VALE STEEL SA Wait for Money Wave Close > 20 with High Volume.
BRCC BRC INC. (BLACK RIFLE COFFEE) Wait for Money Wave Close > 20 with High Volume.
NVDA NVIDIA CORP. Buy above $227.77 with High Volume with a 3% Trailing Sell Stop Loss below it.
XLK TECH FUND Buy above $151.55 with High Volume with a 3% Trailing Sell Stop Loss below it.
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).
EWW MEXICO FUND EWW was Stopped Out on the Close last Thursday as it slipped below Support of $52.78 for a small loss.
GFI GOLD FIELDS LTD. Target was Hit at $16.50 for a 9 % Gain. This trade was not logged.
DAY TRADING SETUPS. Several Triple Buy Pops today: AGRI (+20%) BBIG (+6%) CEI (+20%) HUSA (+8%) & IMTE (+12%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were down today, and are Way Below the Green Line.
Crude Oil was up $1.18 today at $108.18. _________________________________________________________________________________________________________________
MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
GREEN LINE RULES
ETF SECTOR ROTATION SYSTEM
New TOP 100 LIST Updated Apr 2, 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.
Raj Patel says
You had a buy alert for ZIM on the 18th April 2022 and a stop below $54.10. I noticed that on the 21st April 2022 you closed your position with a $56.75 sell price. Can you explain why this was please and why you didn’t wait for the stop loss to be triggered? Can you please also explain why you have (Don’t take a loss) for Zim on the chart?
Hi Raj. ZIM was bought at $56.83 on Apr 18…
The Money Wave moved > 50, but ZIM was not moving. So “Don’t Take a Loss” Rule came in (Stop at Buy Price, and we got filled at $56.75).
Thanks for writing!
QUESTION: Winter writes ““Don’t take a Loss” confuses me. What does that mean?”
ANSWER: When the Investment has a Money Wave Buy Signal, it should pop up 3-6 % in just a few days.
If it is not popping up well, and the Money Wave > 50, either Get out soon , and Don’t Take a Loss! (Get Out Even).
Something must be Wrong. There will be plenty more Money Wave Signals soon… Raise Cash, and don’t get Stuck! Wait for the next one.
Good trading and tell your friends!
Raj Patel says
Thanks for the clarification.