Markets were lower in the morning and then recovered by the end of the day. Commodities are now very over-bought, and T-Bonds are very over-sold, so there should be some surprises soon. It looks like FED tightening in March could slow the Economy down, which T-Bonds like and Commodities hate. Remember, all Investments eventually return to their Green Lines.
Some investors are betting that the Stock Indices have successfully re-tested the lows of January, and held. But the Volume has been low, which tells us that many are not convinced of a good Market bottom in. Many investors will need a Good News story before they will get back in…
New Subscribers: Many stocks have been hit very hard, and don’t have the 90 Relative Strength required to be safer. And the strongest Energy & Banks stock won’t hardly come down to the Green Zones. Please WAIT for 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.
BUYS TODAY 2/16/2022
XLK TECH FUND XLK is trying to Close above the Pink Line around $158.91, but the Volume is Low. Avoid, unless you can handle the volatility. Target is $170. Please use 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).
WFC WELLS FARGO & CO. EXIT if it is going to Close below the Pink Line around $57.83. The Target was already Hit at $57 for a 6.4 % Gain.
Bonds were mixed today, and are Below the Green Line.
Crude Oil was up $1.44 today at $93.51.
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 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.