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
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.
Bonds were down today, and are Way Below the Green Line.
Crude Oil was up $1.18 today at $108.18. _________________________________________________________________________________________________________________
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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.