Markets were mixed today as the Indices are trying to hold above last week’s Lows. We need to see a big bounce up soon which could be a sign of a “Double Bottom” or “W” pattern. Failing to bounce would be Bearish.
Recently most of the Indices and Leaders were back up in the Red Zones (probably too late to Buy for the short term), so we need to WAIT a few days for more Green Zone Buy Signals.
The Markets are currently weak (Below the Green Lines), 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 5/19/2022
RWM INVERSE SMALL CAP FUND Money Wave Buy today. Target is $26.50. EXIT if it is going to Close below $24.50.
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 Wait for Money Wave Close > 20 with High Volume.
KR KROGER CO. Wait for Money Wave Close > 20 with High Volume. (2nd Buy Signal soon).
UUP US DOLLAR FUND 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
XLP CONSUMER STAPLES FUND LOWER the Sell Stop Loss again below $70. The Weekly Chart looks fine, and we will probably buy again soon in the Green Zone.
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DAY TRADING SETUPS. A few Triple Buy Pops today: LCID (+14%) MARA (+7%) & RBLX (+9%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up today, but are Way Below the Green Line.
Crude Oil was up $2.41 today at $112.00. ________________________________________________________________________________________________________________
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ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
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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.
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– RWM