Markets were mixed today as the Tech stocks were weaker from mild profit taking. Normally the Markets will struggle near the Pink Lines (10-day avgs.) after such a big decline in the last few weeks. Maybe re-test the recent Lows once more.
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.
This is currently a weak Market, 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 5/16/2022
CRK COMSTOCK RESOURCES INC. Money Wave Buy today, but CRK will not be Bought or Logged as it is already up 7 % today.
SWN SOUTHWESTERN ENERGY CO. Money Wave Buy today, but SWN will not be Bought or Logged as the Volume is less than 1/2 of normal.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
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.
SARK INVERSE ARK INNOVATION FUND Money Wave must Close in the Green Zone.
SBS COMPANHIA de SANEAMENTO (WATER) Buy above $9.17 with High Volume with a 5% Trailing Sell Stop Loss below it.
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
XLE ENERGY STOCK FUND The Target was Hit at $81 for a 3.7 % Gain.
______________________________________________________________________________________________________________
DAY TRADING SETUPS. Several Triple Buy Pops today: AMC (+7 %) CEI (+13%) HDSN (+6%) HUSA (+16%) VERA (+12%) & RBLX (+6%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up slightly today, but are Way Below the Green Line.
Crude Oil was up $3.33 today at $113.82. ________________________________________________________________________________________________________________
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.
Related Post
– CRK