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
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 today, but are Way Below the Green Line.
Crude Oil was down $0.11 today at $110.18. ________________________________________________________________________________________________________________
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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.