Markets were mostly lower today as the Indices drifted on very low Volume. There was very little Buying, as the major Indices are above the Pink Lines (10-day avgs.), and the next Resistance is the Red Lines (50-day avgs.).
The Strongest Leaders & Oil Stocks are popping up out of the Green Zones, but most Buying Volume was weak. We want to see High Volume on Money Wave Buy Signals. Hopefully you have some Cash to Buy the Leaders soon.
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.
BUYS TODAY 6/27/2022
XOP OIL & GAS EXPLORATION FUND Money Wave Buy today. Target is $150. EXIT if it is going to Close below $117.52.
USO US OIL FUND Traded above $82.33 but the Volume was not High, so USO will not be bought or logged. (Use a 3% Trailing Sell Stop Loss if you bought it).
XLE ENERGY SELECT SECTOR Money Wave today, but XLE will not be Bought or Logged as the Volume is below average of 37 MIL.
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.
DBC COMMODITY FUND Wait for Money Wave Close > 20 with High Volume.
GOGL GOLDEN OCEAN GROUP Wait for Money Wave Close > 20 with High Volume.
PSQ INVERSE NASDAQ 100 FUND Wait for Money Wave Close > 20 with High Volume.
RWM INVERSE SMALL CAP FUND Wait for Money Wave Close > 20 with High Volume.
WEAT WHEAT 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 NONE TODAY
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DAY TRADING SETUPS. A few Triple Buy Pops today: AMC (+12%) & BTU (+9%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were lower today, and are Way Below the Green Line.
Crude Oil was up $1.51 at $109.53.
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
– XOP
