Markets “gapped up” today on some panic buying on expectations of Good News soon. The Volume only about 1/2 of normal so maybe the institutions are holding the Markets up until the end of the quarter for bonuses. It is amazing how most don’t want to Sell anymore. But the Buying is weak, as if this continued move up is to squeeze the Short Sellers out.
The Leaders are still back up near the Red Zones (probably too late to Buy for the Short Term) so most nimble Traders are resisting Buying into an over-bought Market (explains low Volume).
The strong Commodity Funds are lower after many failed to exceed the recent Highs. This could mean a Double Top or Failure for Commodities. High Commodities would normally slow the Economy down without the FED tightening.
New Subscribers: Most of the strongest Stocks are still back up near the Red Zones after a 10% rally straight up. Please be patient and Wait for more Green Zone 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. (Now back near the Red Zone).
BUYS TODAY 3/29/2022 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).
AA ALCOA CORP. EXIT if it is going to Close below the Pink Line around $88.18. The Target was already Hit for a 12.2 % Gain. This trade was not logged.
MAR MARRIOTT INT’L. Target Hit today at $174 for a 9.3 % Gain.
SLB SCHLUMBERGER LTD. Slipped below the Buy Price today of $40.67 and was Stopped Out even. (Don’t Take a Loss!)
Bonds were up again today, but are Below the Green Line.
Crude Oil was down $1.25 today at $104.75. _________________________________________________________________________________________________________________
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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.