Markets rallied in the morning, but then Sellers came in. The Indices have not been able to bounce up off last Monday’s Lows. So far the decline is a very slow and orderly Correction. The NASDAQ 100 is already down 11.5% from the Highs.
The S&P 500 Index needs to bounce up off Support of $448 to remain Bullish (see Chart above). It might have to return back down to the Green Line, but we have plenty of CASH to Buy soon. Many investors are reluctant to Buy with the FED no longer helping with Printing…
Try to put new Money into the Leaders below that are able to Hold above the Red Lines (50-day avgs.).
New Subscribers: The WATCH LIST below is growing which normally means that a rally is coming soon. Please WAIT for more Green Zone Buys. Money Wave pops work best when the S&P 500 Index is also in the Green Zone (Like NOW).
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BUYS TODAY 1/20/2022 NONE TODAY
BUYS TOMORROW – JUMP START STOCKS Shop for a better price earlier in the day. Only use Jump Start on the same day that a Daily Money Wave Buy Signal will occur.
F FORD MOTOR CO. Wait for Money Wave Close > 20 with High Volume.
PFE PFIZER INC. Wait for Money Wave Close > 20 with High Volume.
XLF FINANCIAL FUND Wait for Money Wave Close > 20 with High Volume.
AEHR AEHR TESTING SYSTEMS Wait for Money Wave Close > 20 with High Volume.
BLU BELLUS HEALTH INC. Buy above $6.49 with High Volume with a 5% Trailing Sell Stop Loss below it.
HPQ HP INC. Wait for Money Wave Close > 20 with High Volume.
UEC URANIUM ENERGY CORP. Wait for Money Wave Close > 20 with High Volume. (2nd Buy Signal soon).
UPST UPSTART HOLDINGS Buy above the Green Line of $155.00 with High Volume. (2nd Buy Signal soon).
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
AMD ADVANCED MICRO LOWER the Sell Stop Loss below $120 until it bottoms. The Money Wave is back down in the Green Zone.
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DAY TRADING SETUPS. Several Triple Buy Pops this morning on AMC (+8%) DOGZ (+12%) LCID (+6%) MARA (+9%) & VIX (+5%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were higher today, but are Below the Green Line.
Crude Oil was down $0.90 today at $84.90.
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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 Jan 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.
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– PFE