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June 2, 2022

Money Wave Alert! Jun 2, 2022

DIA Chart
The DOW 30 Index (DIA) is struggling to get above the 50-day avg. (Red Line).

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.  

BUYS SOON – CHARTS      WATCH LIST

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).   

SELLS TODAY                

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
TRADE ALERTS
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.     

Posted By AbovetheGreenLine at 2:47 pm Leave a Comment Tagged With: premium

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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