Markets were slightly higher today after a mild morning selloff, but the Volume was weak. There are very few Investments in the Green Zone at this time, and most of the Leaders are still closer to the Red Zones (probably too late to Buy for the Short term), If the Wave 2 pull-back was complete, the Volume should be much higher on the Wave 3 up bounce. Either the Markets are waiting on Good News before rallying, or the Wave 2 decline is not finished and needs to go down again.
The stronger DOW 30 and S&P 500 Indices need to get above Resistance of the Red Lines (50-day avgs). Normally the Indices that made fresh New Highs in January 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: We use Charts and Technical Analysis to determine which are the Strongest Investments to, own, not free predictions from some guy on the Media. Technical Analysis is new to many, and is simply a way to “Follow the Money”. Historically, predicting is not reliable, so turn off the Volume and watch the Charts to see where Smart Money is going. There is only 1 Stock in the Green Zone, so please WAIT for more Money Wave Buy Signals soon. Money Wave pops work best when the S&P 500 Index is just coming out of the Green Zone.
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BUYS TODAY 2/7/2022
PCG PG&E CORP. Money Wave Buy today, but PCG will not be Bought or Logged as the Volume is below average of 14.8 MIL.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
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.
TSCDY TESCO PLC. Wait for Money Wave Close > 20 with High Volume.
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).
SELLS TODAY
FLO FLOWERS FOODS INC. Slipped below the Buy Price on Friday and was Stopped Out even. This trade was not logged.
IMTE INTEGRATED MEDIA Closed below Support on Friday as was Stopped Out. This trade was not logged.
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DAY TRADING SETUPS. A few good Triple Buy Pops today: CFVI (+30%) DWAC (+10%) MARA (+11%) (+PHUN (+27%) & RBLX (+4%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up slightly today, and are Below the Green Line.
Crude Oil was down $0.92 today at $91.39.
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MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
TRADE ALERTS
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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