Markets dumped out this morning on more FEAR Selling, but buying came in near the close. Technical Analysts like ATGL are waiting for the Stock Indices to successfully finish re-testing the lows of January (“W” pattern). We should know that when the Volume picks up, and it will probably be on a Good News story.
Many are worried that the FED is going to tighten, or raise short term Interest Rates in March. Probably, but tightening should slow down inflation and long term T-Bonds should like that, and rally back up near their Green Lines. This would normally cause long term Interest to DECLINE, which should improve stock prices, and hurt Commodities.
New Subscribers: The Watch List is growing as the strongest Energy & Bank stocks are 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 2/18/2022 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.
VLO VALERO ENERGY CORP. Wait for Money Wave Close > 20 with High Volume.
XLF FINANCIAL FUND Buy above $39.55 with High Volume with a 3% Trailing Sell Stop Loss below it.
CVS CVS HEALTH CORP. Buy above $104.52 with High Volume with a 5% Trailing Sell Stop Loss below it.
DB DEUTSCHE BANK AG Wait for Money Wave Close > 20 with High Volume.
WFC WELLS FARGO & CO. Wait for Money Wave Close > 20 with High Volume.
XLK TECH FUND Buy above the Pink Line around $157.73 with High Volume with a 3% Trailing Sell Stop Loss below it.
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).
SELLS TODAY NONE TODAY
DAY TRADING SETUPS. Not many Triple Buy Pops today: M (+4%) & VIX (+4%). 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 $0.72 today at $91.04.
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.
HAVE A NICE WEEKEND!
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