Markets were lower today as the S&P 500 Index could not hold above of Support of 4495 yesterday. Next support is now the Green Line around 4312. Normally the Indices that made fresh New Highs recently like the S&P 500 and DOW 30 Indices will correct down near the Green Lines and then bounce up again to re-test the Highs. Weaker Investments might not get back up past the Red Lines (50-day avgs.)
The good thing about a pull back like this is that we get to see which Investments are the true Leaders. The Leaders should maintain a High Relative Strength and hold Above the Green Lines. The weakest major Index is the Small Caps, and it is already down 18% from the Highs, and Below the Green Line. On the next rally, you should try to get rid of your weaker Investments.
Markets might have to return back down near the Green Lines, but we have plenty of CASH to Buy soon. The Markets are adjusting for the FED no longer helping with Printing…
Try to put new Money into the Leaders that are able to Hold above the Red Lines (50-day avgs.).
New Subscribers: The WATCH LIST below is growing which normally means that a rally is coming soon. Currently there are over 50 companies down in the Green Zones, but many are sector duplicates with lower Volume. Please WAIT for more Green Zone Buys. Money Wave pops work best when the S&P 500 Index is also in the Green Zone (Like NOW).
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BUYS TODAY 1/21/2022 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.
F FORD MOTOR CO. Wait for Money Wave Close > 20 with High Volume.
PFE PFIZER INC. Wait for Money Wave Close > 20 with High Volume.
XLF FINANCIAL FUND Wait for Money Wave Close > 20 with High Volume.
AEHR AEHR TESTING SYSTEMS Wait for Money Wave Close > 20 with High Volume.
BLU BELLUS HEALTH INC. Wait for Money Wave Close > 20 with High Volume. t.
HPQ HP INC. Wait for Money Wave Close > 20 with High Volume.
WFC WELLS FARGO & CO. Wait for Money Wave Close > 20 with High Volume.
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
AMD ADVANCED MICRO LOWER the Sell Stop Loss below $118 until it bottoms. The Money Wave is back down in the Green Zone.
UPST UPSTART HOLDINGS LOWER the Sell Stop Loss below $90 until it bottoms. The Money Wave is back down in the Green Zone.
TSLA TESLA INC. EXIT if it is going to Close below Support of $980. This trade was not logged. The Money Wave is back down in the Green Zone, if you want to keep it.
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DAY TRADING SETUPS. Only one Triple Buy Pop today: VIX (+10%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were higher today, but are Below the Green Line.
Crude Oil was down $1.06 today at $84.49.
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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 Jan 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.
HAVE A NICE WEEKEND!
Thank you for being available to provide direction on our way through this correction. It’s rather exciting.