Markets were higher again today on continued Buying. No Sellers yet, but most of the Leaders are back up in the Red Zones (probably too late to Buy for the Short term). The Volume is slowing down from lack of Buyers at this level. The stronger DOW 30 and S&P 500 Indices should have Resistance near the Red Lines (50-day avgs).
Normally the Indices that made fresh New Highs recently 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: Please WAIT for more Money Wave Buy Signals soon. The S&P 500 has just popped up 8 % from last Monday’s Low. Money Wave pops work best when the S&P 500 Index is just coming out of the Green Zone.
BUYS TODAY 2/2/2022 NONE TODAY
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).
FCG NATURAL GAS FUND Target Hit at $20.26 for a 5.5 % Gain. This trade was not logged.
HPQ HP INC. Target Hit at $38 for an 8.6 % Gain.
TSLA TESLA INC. Slipped below the Buy Price and was Stopped Out even. (Don’t Take a Loss!)
Bonds were up today, but are Below the Green Line.
Crude Oil was up $0.14 today at $88.34, a New High.
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.