Markets were slightly lower as the Indices were back up in the Red Zones (probably too late to Buy for the short term) after last week’s rally. The Volume is very low on most, telling us that investors don’t know what to do. So we must WAIT to see how Smart Money spends their Money.
The strong Oil and Commodities are coming back down to re-test the recent lows, so hopefully we will Buy them this time.
The US Dollar is on Highs as most are expecting the FED to raise short term Interest Rates soon (correction, FED date is July 27). Maybe the FED will realize how much the Economy has already slowed down, and lighten up on the aggressive raising of short term Interest Rates. Steel, Copper, Aluminum, Silver and Rare Earths are all in Bear Markets, indicating that Inflation has already peaked.
The Markets might have put in a Higher Low to show a sign of bottoming. Now the Indices need to Close above the late June Highs to be more Bullish (above 3946 on the S&P 500 Index).
The Markets and most Investments are Below the Green Lines, so please be patient and wait for Signals for Investments that are still Above the Green Lines. BUYS SOON – CHARTS The best moves are when the S&P 500 Index is also coming up out of the Green Zone.
BUYS TODAY 7/12/2022
PSQ INVERSE NASDAQ 100 FUND Money Wave Buy today, but PSQ will not be Bought or Logged as the Volume is below average of 31.8 MIL.
RWM INVERSE SMALL CAP FUND Money Wave Buy today, but RWM will not be Bought or Logged as the Volume is below average of 3.7 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 – SWING TRADING STOCKS
Shop for a better price earlier in the day with Triple Buy Signal, on the same day that a Daily Money Wave Buy Signal will occur.
BORR BORR DRILLING LTD. Buy above $3.92 with High Volume with a 5% Trailing Sell Stop Loss below it.
USO US OIL FUND Buy above $75.32 with High Volume with a 5% Trailing Sell Stop Loss below it (2nd Buy Signal soon).
DBC COMMODITY FUND Buy above $25.48 with High Volume with a 3% Trailing Sell Stop Loss below it (2nd Buy Signal soon).
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 NONE TODAY
__________________________________________________________________________________________________________________
DAY TRADING SETUPS. A few Triple Buy Pops today: AMC (+6%) & SIGA (+5% ). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up today, but are Way Below the Green Line.
Crude Oil was down $8.60 at $95.49.
MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
TRADE ALERTS
GREEN LINE CHARTS AT STOCKCHARTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
GREEN LINE RULES
ETF SECTOR ROTATION SYSTEM
New TOP 100 LIST Updated Jul 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.
Leave a Reply
You must be logged in to post a comment.