Markets were up slightly today after giving up much of the rally in the morning. There is still Selling going on the weak “Darling” stocks from COVID that are getting crushed (see Chart above). But the Tech Stocks had one of the stronger up days in a while.
Unsophisticated Investors are still Selling because their FEAR has taken control of logic. Many don’t understand that long term Interest Rates and Commodities should be peaking soon. That should cause a rally up on the Tech Stocks.
Bonds were up again today, but need to get above the Pink Line (10-day avg.) for more serious Buying. Bonds are 19 % Below the Green Line because of FEAR Selling. Eventually Bonds will stretch too far down Below the Green Line, and then snap back up (then Lower Interest Rates).
We don’t want to be Selling any Investments now that are still Above the Green Lines today. They should pop up nicely when this Flushing is over.
This is currently a weak Market, so please be patient wait for more Money Wave Buy Signals. Most stocks at this time do not have high enough Relative Strength to meet the Green Line Rules. BUYS SOON – CHARTS The best moves are when the S&P 500 Index is also coming up out of the Green Zone.
BUYS TODAY 5/10/2022 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.
BOX BOX INC. Wait for Money Wave Close > 20 with High Volume.
CRK COMSTOCK RESOURCES INC. Wait for Money Wave Close > 20 with High Volume.
VERU VERU INC. Wait for Money Wave Close > 20 with High Volume.
NUE NUCOR CORP. Wait for Money Wave Close > 20 with High Volume.
SBS COMPANHIA de SANEAMENTO (WATER) Buy above $9.32 with High Volume with a 5% Trailing Sell Stop Loss below it.
SWN SOUTHWESTERN ENERGY CO. Wait for Money Wave Close > 20 with High Volume. (2nd Buy Signal soon).
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
UPST UPSTART HOLDINGS UPST tanked today. REMOVE the Sell Stop Loss until it bottoms.
XME METALS & MINING FUND LOWER Sell Stop Loss below $49.00 until it bottoms.
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DAY TRADING SETUPS. A few Triple Buy Pops today: SOXL (+11%) TQQQ (+6.5%) & DNN (+5%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up again today, but are Way Below the Green Line.
Crude Oil was down $3.06 today at $100.03. ________________________________________________________________________________________________________________
MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
TRADE ALERTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
GREEN LINE RULES
ETF SECTOR ROTATION SYSTEM
New TOP 100 LIST Updated May 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.
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