Markets were higher today as the Semiconductor stocks shot up over 4%. The Markets are trying to get above the Pink Lines (10-day avgs.) which shows strength. But most of the Indices are quickly back up in the Red Zones (probably too late to Buy for the short term).
After such a big decline in the last few weeks, there is a good chance of re-testing the recent Lows once more. There are a couple of strong Inverse Funds below that should pop up again soon.
The Markets are currently weak (Below the Green Lines), so please be patient wait for more Money Wave Buy Signals. BUYS SOON – CHARTS The best moves are when the S&P 500 Index is also coming up out of the Green Zone (now it is closer to the Red Zone).
BUYS TODAY 5/17/2022
SBS COMPANHIA de SANEAMENTO (WATER) Moved above $9.17 today but the Volume was not high, so SBS will not be Bought or Logged.
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.
SARK INVERSE ARK INNOVATION FUND Wait for Money Wave Close > 20 with High Volume.
RWM INVERSE SMALL CAP FUND 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
KR KROGER CO. LOWER the Sell Stop Loss again to $48. The Weekly Chart looks fine, and we will probably buy again soon in the Green Zone.
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DAY TRADING SETUPS. Several Triple Buy Pops today: AMC (+7%) DNN (+6%) HDSN (+8%) MARA (+8%) TQQQ (+6%) VERA (+10%) & SOXL (+12%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were down today, and are Way Below the Green Line.
Crude Oil was down $1.47 today at $112.73. ________________________________________________________________________________________________________________
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SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
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ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
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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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