Markets were lower today as the Indices could not stay above Tuesday’s highs, and profit taking came in. The S&P 500 Index stalled up near the resistance of the Red Line (50-day avg.) around 4188. Maybe the S&P has completed Wave 1 up (with 5 smaller Waves) and ready to back off. It would be normal for the Indices to pause or pull back a little after a 9 % rally last week up from the lows.
Most of the Leaders and Indices were back up in the Red Zones (probably too late to Buy for the Short Term). Long Term Interest Rates are trying to go back up to re-test the Highs, which might cause some Selling. The Volume was still below average again 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 6/3/2022
PBR PETROBRAS ENERGY Money Wave Buy today, but PBR will not be Bought or Logged as the Volume was below average of 32.9 MIL.
VERU VERU INC Traded above $13.15 today (+12%), but VERU will not be Bought or Logged as the Volume was below average of 29.6 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.
RWM INVERSE SMALL CAP FUND Wait for Money Wave Close > 20 with High Volume. (2nd Buy Signal soon).
WEAT WHEAT FUND Wait for Money Wave Close > 20 with High Volume.
ABBV ABBVIE INC. Money Wave must Close in the Green Zone.
DBA AGRICULTURE FUND Money Wave must Close in the Green Zone.
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
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DAY TRADING SETUPS. A few Triple Buy Pops today: HUSA (+13%) SOXS (+9%) SQQQ (+8%) & VERU (+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 $2.81 at $119.68.
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 Jun 3, 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!
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