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
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 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.
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
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.