Markets were mostly lower today as the weakest Stocks (the COVID Darlings from last year) continued to get Flushed. Many novice investors were heavily margined (borrowed money) and are having to Sell their stocks at very low prices. What a masterful job of shaking out the “weak hand” investors, that the Market is doing! Tammy is Selling down in the Green Zone on Chart above, instead of Buying.
Unsophisticated Investors are still Selling because their FEAR has taken control of their 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, and are trying to Close above the Pink Line (10-day avg.) for more serious Buying to come in. Bonds are 18 % Below the Green Line because of FEAR Selling. Eventually Bonds will normally snap back up towards the Green Line (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 5/11/2022 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).
SELLS TODAY NONE TODAY
Bonds were up again today, but are Way Below the Green Line.
Crude Oil was up $5.60 today at $105.36. ________________________________________________________________________________________________________________
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GREEN LINE RULES
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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.