Markets were able to bounce off the Pink Line, but so far, the bounce was weak with low volume. The low volume tells us that smart money is waiting for a better decision and not trying to trade in this thin market. Oil funds, natural gas funds, and oil stocks made a new high today. Be careful, however, because energy stocks are getting extremely over-bought.
Most of the Leaders and Indices were back up in the Red Zones (probably too late to Buy for the Short Term). Long Term Interest Rates are struggling to go back up to re-test the Highs, and could Fail soon. The Volume was still below average again today on Stocks which indicates indecision.
The Markets and most Investments are still fairly 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 (Now coming down from the Red Zone).
BUYS TODAY NONE TODAY
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.
INDO INDONESIA ENERGY CORP Wait for Money Wave Close > 20 with High Volume.
RWM INVERSE SMALL CAP FUND Wait for Money Wave Close > 20 with High Volume. (2nd Buy Signal soon).
CF CF INDUSTRIES HOLDINGS Wait for Money Wave Close > 20 with High Volume.
EWZ iSHARES BRAZIL 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
SARK INVERSE ARKK INNOVATION FUND Lower Sell Stop Loss below $55.84 until it bottoms. Target $78.
XLU UTILITIES SELECT SECTOR Exit if it is going to close below the Pink Line (10 Day Average) around $74.42 to capture a 3 % Gain.
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DAY TRADING SETUPS. A few Triple Buy Pops today: HDSN (+7%) HUSU (+16%) and RBLX (+7%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were down again today, and are Way Below the Green Line.
Crude Oil was up $3.45 at $122.82.
MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
TRADE ALERTS
GREEN LINE CHARTS AT STOCKCHARTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
GREEN LINE RULES
ETF SECTOR ROTATION SYSTEM
New TOP 100 LIST Updated Jun 3, 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
– RWM