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May 3, 2022

Money Wave Alert! May 3, 2022

MOS Chart
Mosiac Co. (MOS) was up over 8 % today.

Markets were mostly higher today as the over-sold rally from Monday’s low continued. if the major Indices are able to hold above Monday’s low after the FED talk, then maybe the Indices had a  “False Breakdown” (maybe Bullish). That is when the prices dip below Support (to Run the Stops), and end up Closing higher.

This is currently a weak Market, so the FED might only raise 1/2 point now, instead of 3/4 point. Currently FEAR is High, and that is when we like to Buy. Investments that hold near the Red Lines (50-day avgs.) usually pop up first.

New Subscribers:  Many are nervous until the FED Meeting on Wednesday. Several more Money Wave Buy Signals soon.  BUYS SOON – CHARTS  The best moves are when the S&P 500 Index is also coming up out of the Green Zone. 

BUYS TODAY    5/3/2022      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.   

BRCC      BRC INC. (BLACK RIFLE COFFEE)      Relative Strength is below 90. AVOID.  

XLP      CONSUMER STAPLES FUND      Wait for Money Wave Close > 20 with High Volume.

XLU      UTILITIES FUND      Wait for Money Wave Close > 20 with High Volume. 

BUYS SOON – CHARTS      WATCH LIST

GDX      GOLD MINERS FUND      Buy above $36.09 with High Volume with a 5% Trailing Sell Stop Loss below it.     

SBS      COMPANHIA de SANEAMENTO (WATER)    Buy above $9.32 with High Volume with a 5% Trailing Sell Stop Loss below it.

VERU      VERU INC.      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          

EUM      INVERSE WORLD MARKETS FUND       EXIT if it is going to Close below the Pink Line around $14.28.  The Target Hit was already Hit at $14.70 for a 9.6 % Gain. 

 ______________________________________________________________________________________________________________

DAY TRADING SETUPS. A few Triple Buy Pops today: MOS (+8%) & UEC (+9%). Try out the New Side by Side layout.   

DAY TRADING FOR INDICES & LARGE CAPS CHARTS.

Bonds  made higher today, and are Way Below the Green Line. 

Crude Oil was down $2.31 today at $102.36.     _________________________________________________________________________________________________________________

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.

Posted By AbovetheGreenLine at 2:44 pm Leave a Comment Tagged With: premium

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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