Markets were finally higher today after the Market became almost as extremely over-sold as it was when COVID began in 2020. Many novice investors were heavily margined (borrowed money) and had to Sell their stocks at very low prices. Tammy is Selling now when she should have sold in January.
Unsophisticated Investors sold because their FEAR from listening to the Media 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.
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 5/13/2022
ADM ARCHER DANIELS MIDLAND Money Wave Buy today, but ADM will not be Bought or Logged as the Volume is below average of 4.4 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 – 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. Relative Strength is Below 90. AVOID.
CRK COMSTOCK RESOURCES INC. Wait for Money Wave Close > 20 with High Volume.
SWN SOUTHWESTERN ENERGY CO. Wait for Money Wave Close > 20 with High Volume. (2nd Buy Signal soon).
SBS COMPANHIA de SANEAMENTO (WATER) Buy above $9.17 with High Volume with a 5% Trailing Sell Stop Loss below it.
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: AMC (+6 %) LCID (+14%) MARA (+14%) PHUN (+8%) SOXL (+18%) TQQQ (+14%) VERA (+52%) & RBLX (+13%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were down today, but are Way Below the Green Line.
Crude Oil was up $4.01 today at $110.14. ________________________________________________________________________________________________________________
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.
HAVE A NICE WEEKEND!
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