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May 24, 2022

Money Wave Alert! May 24, 2022

SNAP Chart
Snap Chat (SNAP) has dumped Way Below the Green Line on FEAR Selling.

Markets were lower today as Snap Chat spooked the Social Media stocks on Earnings data. Another chance to flush out the weak hand investors on FEAR Selling. Soon we will find out if last week’s decline was as a “Double Bottom” or “W” pattern. That could be Bullish for a larger rally, and today’s Selling Volume was weak. Defensive Stocks are perking up again.

Now we need to WAIT a few days for more Green Zone Buy Signals.

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. 

BUYS TODAY    5/24/2022    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.     

LNG      CHENIERE ENERGY      Relative Strength is Below 90. AVOID.

BUYS SOON – CHARTS      WATCH LIST

CI      CIGNA CORP.      Money Wave must Close in the Green Zone.     

TBF      INVERSE T-BOND FUND      Money Wave must Close in the Green Zone.

UUP      US DOLLAR 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    NONE TODAY            

______________________________________________________________________________________________________________

DAY TRADING SETUPS. A few Triple Buy Pops today:  TZA (+7%) SARK (+8%) & SQQQ (+8%). Try out the New Side by Side layout.   

DAY TRADING FOR INDICES & LARGE CAPS CHARTS.

Bonds were up today, but are Way Below the Green Line. 

Crude Oil was down $0.11 today at $110.18.     ________________________________________________________________________________________________________________

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.

Related Post

– LNG

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