Markets were slightly lower today after Friday’s big down day. The Tech Stocks were weak and did not bounce after the FED said that they might have to tighten and raise short term Interest Rates much more. Oil and Commodities were higher.
Indices are over-sold for the short term. The major Indices are still weak, but have corrected down near the Green Zones (probably too late to Sell for the short term).
The Wave 4 down correction should be over soon, and then the Wave 5 up rally should begin. Several of the Leaders have already had Buy Signals recently, but the Buying Volume was poor. Normally you wants lots of Buying for a rally to go far.
BUYS TODAY 8/29/2022 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.
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).
BE BLOOM ENERGY Slipped below the Buy Price and was Stopped Out even. (Don’t Take a Loss!). This trade was not logged.
Bonds were down today and are Way Below the Green Line.
Crude Oil was up $3.85 to $96.91.
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GREEN LINE RULES
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New TOP 100 LIST Updated Aug 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.