Markets were sharply higher today after Oil prices dumped over 12%. Some investors are betting that the Indices are going to hold and bounce up near the February Lows. Buying came in today, but below average Volume tells us that many are still scared. Markets need to bounce up soon to remain Bullish. Currently all of the major Index are Below the Green Lines, but the FEAR levels are very high. A peak in Crude Oil (like today) should help.
Historically FEAR is usually a good time to Buy, but Smart Money is Waiting for the Indices to stop making lows and form a Double Bottom or “W” pattern. We currently only have 4 of 10 positions, and hope to Buy more soon after this emotional Flushing is over.
New Subscribers: Many are not buying much with the Russia situation going on now, as the Volume is low. 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 (Like now!)
BUYS TODAY 3/9/2022
MAR MARRIOTT INT’L. Money Wave today, or wait to maybe Buy tomorrow around $155. Target is $174. EXIT if it is going to Close below $146.07.
CCO CLEAR CHANNEL OUTDOOR Money Wave Buy today, but CCO will not be Bought or Logged as the Volume was below average of 2.9 MIL. Maybe around $3.40.
PGRE PARAMOUNT GROUP INC. Money Wave Buy today, but PGRE will not be Bought or Logged as the Volume was below average of 2.3 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 – JUMP START STOCKS Shop for a better price earlier in the day. Only use Jump Start on the same day that a Daily Money Wave Buy Signal will occur.
KAR KAR AUCTION SERVICES Buy above $18.10 with High Volume with a 5% Trailing Sell Stop Loss below it.
PBR PETROBRAS ENERGY Wait for Money Wave Close > 20 with High Volume.
BTI BRITISH AMER TOBACCO PLC Wait for Money Wave Close > 20 with High Volume.
HUN HUNTSMAN CORP. Wait for Money Wave Close > 20 with High Volume.
MAR MARRIOTT INT’L. Wait for Money Wave Close > 20 with High Volume.
TWNK HOSTESS BRANDS INC. 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 NONE TODAY
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DAY TRADING SETUPS. Several Triple Buy Pops today: BBIG (+10 %) NVDA (+8%) MARA (+15%) SPXL (+9%) & TQQQ (+11%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were down today, and are Below the Green Line.
Crude Oil was down $12.27 today at $113.67.
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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.
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