More of the same today. Markets were lower again on more FEAR Selling. Now all of the major Indices are slightly below the Green Lines, but we will only concentrate on Investments that are holding up the best to Buy when this Fear Flush is over. The Strongest will normally usually bounce first (Energy, Financial, Industrial Metals and Semiconductors) as Investors still have conviction in them and are not Selling them as much.
The S&P 500 Index has Support of the previous January low of 4222. We are waiting to see if the Stock Indices can hold at the lows of January for a possible “W” pattern. We should know that when the Volume picks up, and it will probably be on a Good News story. We have raised plenty on CASH to Buy soon.
New Subscribers: Your patience is paying off, as we should have lower prices to Buy soon. The Watch List below has several setups for Buy Signals as the strongest 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. (Like now!)
BUYS TODAY 2/23/2022 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 the Pink Line around $103.31 with High Volume with a 5% Trailing Sell Stop Loss below it.
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.
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 $155.83 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
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DAY TRADING SETUPS. A few Triple Buy Pops today: SQQQ (+7%) & VIX (+8%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were lower today, and are Below the Green Line.
Crude Oil was down $0.08 today at $91.83.
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MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
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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.
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– CVS