Markets were lower again today as Bonds continued to fall. Eventually Bonds will stretch too far down Below the Green Line, and then snap back up. Look how the Herd and Tammy panic bought Bonds 2 years ago at $173 and are dumping them now at $114.
Bond prices dropping makes long term Interest Rates go up, which will eventually slow down the Economy. Then the Tech Stocks should recover some of the trashing that they have had this year from higher Interest Rates. The NASDAQ Index is already down 25 % from the Highs. We don’t want to be Selling any Investments now that are still Above the Green Lines today. They should pop up nicely when this Flushing is over.
The Green Line tells us that Human Emotion (FEAR), has caused Inflation and Interest Rates to go up too High, and Bonds prices are too low. All Investments eventually return to the Green Lines, and Smart Money makes profits from these spread between the price and the Green Lines..
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, so please be patient wait for more Money Wave Buy Signals. Most stocks at this time do not have high enough Relative Strength to meet the Green Line Rules. BUYS SOON – CHARTS The best moves are when the S&P 500 Index is also coming up out of the Green Zone.
BUYS TODAY 5/6/2022 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).
XME METALS & MINING FUND LOWER Sell Stop Loss below $53.00 until it bottoms.
Bonds were down again today, and are Way Below the Green Line.
Crude Oil was up $2.06 today at $110.32. _________________________________________________________________________________________________________________
MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
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.
HAVE A NICE WEEKEND!