Markets were sharply lower today as the Bond Market does not think the FED is serious about dealing with Inflation. Yesterday the FED said everything needed to keep the Stock Markets from breaking Support and causing a big Sell off after raising the Fed Fund Rate 1/2 point. It also sounded like the FED would quickly return back to Printing on any weakness of the Economy.
Bond Investors wanted and will demand that the FED be more hawkish about tightening. Otherwise Bond prices could fall more. But the FED has to decide if the Stock Market and Election are more important than dealing with Inflation.
The Green Line tells us that Human Emotion (FEAR) has caused Inflation and Interest Rates to temporarily go up too High, and Bonds prices are too low. All Investments eventually return to the Green Lines, and Smart Money makes profits from extreme temporary Emotions.
Now the S&P 500 Index needs hold above Monday’s Support, and Bonds need to peak before we can see a decent rally in Stocks. This is currently a weak Market, and now we will wait to 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 5/5/2022 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 down hard today, and are Way Below the Green Line.
Crude Oil was up $0.39 today at $108.20. _________________________________________________________________________________________________________________
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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.