Markets were sharply higher today as the S&P 500 Index should Close above the Pink Line (10-day avg.) That can make disciplined Short Sellers buy to close out their Short positions (they were betting on a down Market).
Unfortunately most of the Leaders are up in or near the Red Zones (probably too late to Buy for the Short Term) so we will have to WAIT for Green Zone Buy Signals. Disciplined traders are Buying the limited number of Leaders, so the narrow list of Leaders is over-bought. Currently the DOW 30. NASDAQ 100 and Small Cap Indices are still Below the Green Lines, so we are being cautious now.
FEAR is usually a good time to Buy. But we don’t want to be the only ones Buying, so we are waiting on improved Buying Volume. Crude Oil made New Highs today at $111 a barrel.
New Subscribers: The Volume is low, telling us that many Investors are not Buying yet. We need High Volume for better moves up. Please be patient and Wait for more Buy Signals soon. BUYS SOON – CHARTS The best moves are when the S&P 500 Index is also coming up out of the Green Zone.
BUYS TODAY 3/2/2022 NONE TODAY
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).
UEC URANIUM ENERGY CORP. Target was Hit at $4.15 for an even trade (or have a tight Sell Stop below it). Wait for the next Green Zone Buy.
Bonds were down today, and are Below the Green Line.
Crude Oil was up $8.50 today at $110.91, a New High.
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 Mar 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.