Markets were higher today as the Indices are re-testing Tuesday’s highs. The S&P 500 Index has stalled up near the resistance of the Red Line (50-day avg.) around 4188. We will soon see if the S&P has completed Wave 1 up (with 5 smaller Waves). It would be normal for the Indices to pause or pull back a little after a 9 % rally last week up from the lows.
Crude Oil continued higher at $117.60 and Long Term Interest Rates are struggling to go back up to re-test the Highs, which might cause some Selling. The Volume was still below average today which indicates indecision.
The Markets and most Investments are still fairly weak (Below the Green Lines), so please be patient wait for more Money Wave Buy Signals. BUYS SOON – CHARTS The best moves are when the S&P 500 Index is also coming up out of the Green Zone (Now in the Red Zone).
BUYS TODAY 6/2/2022 NONE TODAY
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.
RWM INVERSE SMALL CAP FUND Wait for Money Wave Close > 20 with High Volume. (2nd Buy Signal soon).
VERU VERU INC Buy above $13.15 with High Volume with a 5% Trailing Sell Stop Loss below it.
ABBV ABBVIE INC. Money Wave must Close in the Green Zone.
PBR PETROBRAS ENERGY Wait for Money Wave Close > 20 with High Volume.
WEAT WHEAT FUND 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).
SARK INVERSE ARKK INNOVATION FUND LOWER the Sell Stop Loss below $58 until it bottoms.
DAY TRADING SETUPS. A few Triple Buy Pops today: AMD (+8%) DNN (+6%) SOXL (+10%) TQQQ (+7%) & RBLX (+15%) . Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were down again today, and are Way Below the Green Line.
Crude Oil was up $1.90 at $117.60.
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 May 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.
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