Markets were lower today on more FEAR Selling. Many investors don’t believe that the Stock Indices have successfully finished re-testing the lows of January. Apparently Wave 2 down is not over (see DOW chart above). The selling Volume has been low, and the Volatility Fear Index (VIX) is not as high as Monday. This could indicate that the Sellers are drying up. Many investors will need a Good News story before they will get back in…
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.
New Subscribers: Finally the strongest Energy & Bank stocks are coming back 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 2/17/2022 NONE TODAY
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.
CVS CVS HEALTH CORP. Buy above $104.52 with High Volume with a 5% Trailing Sell Stop Loss below it.
XLK TECH FUND Buy above the Pink Line around $158.46 with High Volume with a 3% Trailing Sell Stop Loss below it.
DB DEUTSCHE BANK AG Money Wave must Close in the Green Zone.
SARK INVERSE SMALL CAP FUND Money Wave must Close in the Green Zone.
VLO VALERO ENERGY CORP. Wait for Money Wave Close > 20 with High Volume.
XLF FINANCIAL FUND Money Wave must Close in the Green Zone.
XOM EXXON MOBILE CORP. 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).
PFE PFIZER INC. EXIT if it is going to Close below Support of $49.44.
WFC WELLS FARGO & CO. EXIT if it is going to Close below the Pink Line around $57.90. The Target was already Hit at $57 for a 6.4 % Gain.
DAY TRADING SETUPS. A few Triple Buy Pops today: SQQQ (+8%) TZA (+6%) & VIX (+14%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up today, but are Below the Green Line.
Crude Oil was down $1.92 today at $91.74.
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.
Thank you for publishing your wave count as it is interesting to attempt to follow along and educate myself. I am thankful to be a part of the ATGL crew as I would have had too much money in the market (and in the wrong stocks) if I wasn’t following the ATGL rules.
Thank you Mary!
Hopefully the Elliott Wave count is correct.