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February 8, 2022

Money Wave Alert! Feb 8, 2022

SPX Chart
Waiting for the S&P 500 to return back down into the Green Zone.

Markets were higher again today, but most stocks are still lower than last week’s rally. The Volume needs to pick up to go higher, and many of the Leaders like the Financials & Energy are still up in the Red Zones (probably too late to Buy for the Short term). There are very few Investments in the Green Zone at this time. When the Wave 2 pull-back is 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:  There are only 3 Stocks in the Green Zones, so please WAIT for more Money Wave Buy Signals soon. Money Wave pops work best when the S&P 500 Index is just coming up out of the Green Zone.

_________________________________________________________________________________________________________________

BUYS TODAY    2/8/2022    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.    

TSCDY      TESCO PLC.      Wait for Money Wave Close > 20 with High Volume.   

BUYS SOON – CHARTS      WATCH LIST

CDEV      CENTENNIAL RESOURCE DEVEL.      Money Wave must Close in the Green Zone.

XLK      TECH FUND      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       

FCG      NATURAL GAS FUND      EXIT if it is going to Close below the Pink Line around $19.79. The Target was already Hit at $20.26 for a 5.5 % Gain. This trade was not logged.

_________________________________________________________________________________________________________________

DAY TRADING SETUPS.  A few Triple Buy Pops today: AMC (+10) CFVI (+10%)  M (+5%)  & (+PHUN (+6%).  Try out the New Side by Side layout.   

DAY TRADING FOR INDICES & LARGE CAPS CHARTS.

Bonds  were down today, and are Below the Green Line.     

Crude Oil was down $1.69 today at $89.69. 

_________________________________________________________________________________________________________________

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.   

Posted By AbovetheGreenLine at 2:43 pm Leave a Comment Tagged With: premium

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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