Markets were sharply lower today as many have decided that an economic slow down is coming. The FED raised Short Term Interest Rates again yesterday. The NASDAQ 100 Index is now 20 % Below the Green Line on FEAR Selling (and is 33% below the November Highs). We are not Selling any positions that are down in value on this emotional Flush. The Dollar and Long Term Interest Rates should pull back down towards their Green Lines (like they always do). That should create a Stock rally.
The Strong Oil Stocks and Leaders below are down in the Green Zones for more Money Wave Buy Signals soon. Hopefully you have some Cash to Buy the Leaders. Please Wait for the Buy Signals.
The Markets and most Investments are weak (Below the Green Lines), so please be patient and wait for Signals for Investments below that are still Above the Green Lines. BUYS SOON – CHARTS The best moves are when the S&P 500 Index is also coming up out of the Green Zone (Now in the Green Zone).
BUYS TODAY 6/16/2022
SIGA SIGA TECHNOLOGIES Shot above $10.66 this morning, but the Volume was not high. SIGA will not be Bought or Logged as the Volume is below average of 10.7 MIL. (5% Trailing Sell Stop Loss below is now $10.96).
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.
MRK MERCK AND CO Wait for Money Wave Close > 20 with High Volume.
OXY OCCIDENTAL PETROLEUM CORP Wait for Money Wave Close > 20 with High Volume.
XOM EXXON MOBIL Wait for Money Wave Close > 20 with High Volume.
BTU PEABODY ENERGY Wait for Money Wave Close > 20 with High Volume.
GOGL GOLDEN OCEAN GROUP Wait for Money Wave Close > 20 with High Volume.
SBLK STAR BULK CARRIERS Buy above $27.17 with High Volume with a 5% Trailing Sell Stop Loss below it.
SWN SOUTHWESTERN ENERGY CO Wait for Money Wave Close > 20 with High Volume.
XLE ENERGY SELECT SECTOR 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
UUP US DOLLAR FUND EXIT if it is going to Close below the Pink Line around $27.67. The Target was already Hit for a Gain.
XME METALS & MINING FUND Lower Sell Stop Loss below $46.00 until it bottoms. The Money Wave is in the Green Zone.
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DAY TRADING SETUPS. A few Triple Buy Pops today: SIGA (11%) RDBX (18%) & TZA (+14%) & VIXY (+8%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up today, but are still Way Below the Green Line.
Crude Oil was up $1.92 at $117.23.
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
– SIGA