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June 7, 2022

Money Wave Alert! Jun 7, 2022

NASDAQ Money Wave is nearing the Green Zone!

Markets went down to the Pink Lines today (10 day averages) and bounced up to avoid a short term Sell Signals. The NASDAQ is nearing a Money Wave Close in the Green Zone so it should bounce up soon.

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 struggling to go back up to re-test the Highs, and could Fail soon. The Volume was still below average again today on Stocks 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 coming down from the Red Zone). 

BUYS TODAY    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.  

LLY      ELI LILLY AND CO.      Buy Above $309.41 with High Volume with a 3% Trailing Stop Loss below it.

RWM      INVERSE SMALL CAP FUND      Wait for Money Wave Close > 20 with High Volume. (2nd Buy Signal soon). 

BUYS SOON – CHARTS      WATCH LIST    

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   

RWM      INVERSE SMALL CAP FUND      Lower Sell Stop Loss below $23.20 until it bottoms. RWM is back down in the Green Zone for a Money Wave Buy Signal soon.

XLU      UTILITIES SELECT SECTOR      Exit if it is going to close below the Pink Line (10 Day Average) around $74.42 to capture a 3 % Gain.       

___________________________________________________________________________________________________________________

DAY TRADING SETUPS. A few Triple Buy Pops today:  AMC (+9%) DNN (+8%) HUSU (+55%) SIGA (+13%) and VERU (+15%). 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 up $0.19 at $118.55.

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 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.   

Posted By AbovetheGreenLine at 2:44 pm Leave a Comment Tagged With: premium

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

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