StockCharts is down at the time of the Daily Email Post, so problems with the Charts.
Markets were sharply higher today as the Indices bounced up at the Pink Lines (10-day avgs.) to avoid short term Sell Signals. Some of the Indices “Gapped Up” above the Resistance of the Green Lines, which is Bullish. The S&P 500 Index was able to make a higher high than last week. Investors are hoping that the Markets have bottomed, but the Indices are currently over-bought (so be careful now).
Please be patient and wait for Buy Signals for Investments 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.
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BUYS TODAY 8/10/2022
ET ENERGY TRANSFER LP Money Wave Buy today, but ET will not be Bought or Logged as the Volume is below average of 21.5 MIL.
LLY ELI LILLY & CO. Money Wave Buy today, but LLY will not be Bought or Logged as the Volume is below average of 2.8 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
VERU VERU INC. Wait for Money Wave to Close > 20 with High Volume.
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.
BUYS SOON
UNG US NATURAL GAS FUND Money Wave must Close in the Green Zone.
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).
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SELLS TODAY 8/10/2022
UUP US DOLLAR FUND EXIT if it is going to Close Support of $28.12.
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DAY TRADING SETUPS. A few Triple Buy Pops today: CCL (+11%) LABU (+9%) MARA (+14%) & SOXL (+17%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were down today and are Way Below the Green Line.
Crude Oil was up $1.16 to $91.66.
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 Aug 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
– ET