Markets were lower today, as the S&P 500 Index could not exceed the high of last week. We will see if the S&P will do an “M” pattern back down to around 4450. Many of the Leaders like the Financials & Energy are coming down from the Red Zones (probably too late to Buy for the Short term). We are waiting on more Investments to return to the Green Zones for Money Wave Buy Signals soon.
The stronger DOW 30 and S&P 500 Indices need to get above Resistance of the Red Lines (50-day avgs). Normally the Indices that made fresh New Highs in January like the S&P 500 and DOW 30 Indices should re-test the Highs. Weaker Investments might not get back up past the Red Lines (50-day avgs.)
New Subscribers: There are only 3 Stocks in the Green Zones, so please WAIT for more Money Wave Buy Signals soon. Money Wave pops work best when the S&P 500 Index is just coming up out of the Green Zone.
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BUYS TODAY 2/10/2022
CDEV CENTENNIAL RESOURCE DEVEL. Money Wave Buy today. Target is $8.50. EXIT if it is going to Close below $7.30.
TSCDY TESCO PLC. Money Wave Buy today, but TSCDY will not be Bought or Logged as the Volume is below average of 700 K.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
BUYS TOMORROW – JUMP START STOCKS Shop for a better price earlier in the day. Only use Jump Start on the same day that a Daily Money Wave Buy Signal will occur.
AR ANTERO RECOURCES CORP. Wait for Money Wave Close > 20 with High Volume.
SARK INVERSE SMALL CAP FUND Money Wave must Close in the Green Zone.
XLK TECH FUND Money Wave must Close in the Green Zone.
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).
SELLS TODAY
PCG PG &E CORP. EXIT if it is going to Close below $11.86. This trade was not logged.
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DAY TRADING SETUPS. A few Triple Buy Pops today: SQQQ (+5%) NVDA (+6%) & VIX (+14%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were down today, and are Below the Green Line.
Crude Oil was up $0.30 today at $89.96.
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SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
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ETF SECTOR ROTATION SYSTEM
New TOP 100 LIST Updated Feb 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.
I thought we only traded stocks that are 2:1?
Yes, they should be 2:1… CDEV was so strong this morning that maybe it will make a new High. Or Avoid.
New subscribers are not good at Waiting, and they want action…