Markets were higher again today, as the DOW 30 and the Small Caps Indices were able to go higher than last week’s rally. But the Volume was low, and many of the Leaders like the Financials & Energy are still up near the Red Zones (probably too late to Buy for the Short term). Targets have been Hit on many Leaders, so we have raised Cash, and there are very few Investments in the Green Zone to Buy at this time. The low Volume on this up move indicates that the S&P 500 Index might be having an “M” pattern back down for a few days.
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 2/9/2022 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).
XLF FINANCIAL FUND Target was Hit at $41 for a 6.6 % Gain.
Bonds were up slightly today, but are Below the Green Line.
Crude Oil was up $0.43 today at $89.80.
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SWING TRADING CURRENT POSITIONS
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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.