Markets were lower today as the Indices slipped below the Pink Lines (10-day avgs.) for short term Sell Signals. We’re waiting to see if Bonds will make a double bottom soon. Bonds are actually starting to enter a buy signal, but we should still avoid them because of extremely low Relative Strength.
Most of the Leaders and Indices are coming down from 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 getting closer to the Green Zone).
BUYS TODAY 6/9/2022
RWM INVERSE SMALL CAP FUND Money Wave Buy today, but RWM will not be bought or logged as the volume is below average of 3.5 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.
CF CF INDUSTRIES HOLDINGS Wait for Money Wave Close > 20 with High Volume.
MOS MOSAIC CO Wait for Money Wave Close > 20 with High Volume.
EWZ iSHARES BRAZIL FUND Wait for Money Wave Close > 20 with High Volume.
INDO INDONESIA ENERGY CORP Wait for Money Wave Close > 20 with High Volume.
SBLK STAR BULK CARRIERS 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
LLY ELI LILLY & CO. Exit if it is going to close below the 3 % Trailing Sell Stop Loss of $306.03.
SWN SOUTHWESTERN ENERGY CO Exit if it is going to close below the Pink Line around $9.31. The Target was already hit for a 13.7 % Gain.
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DAY TRADING SETUPS. No good Triple Buy Pops today. Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up slightly today, and are Way Below the Green Line.
Crude Oil was down $0.33 at $121.84.
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.
Related Post
– RWM