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December 20, 2022

Money Wave Alert! Dec 20, 2022

TNX Chart
Interest Rates have jumped back up on the 10-Year T-Note Yield from 3.4% to 3.7%.

Markets were higher today on mild Buying and a few Money Wave Buy Signals. The major Indices are back down in the Green Zones (probably too late to Sell for the short Term) for bounces soon. The WATCH LIST below has become very large, which normally means a Market pop up is coming.

Eventually the Fed will slow the Economy down so much that they will change their “hawkish” talk and stop Tightening, and Stocks should rally further.

Please be patient and wait for Buy Signals for that are still Above the Green Lines.  BUYS SOON – CHARTS  The best moves happen when the S&P 500 Index is also coming up out of the Green Zone. 

_________________________________________________________________________________________________________________

BUYS TODAY   12/20/2022      

KIE      INSURANCE FUND      Money Wave Buy Signal today. Target is $42.50. EXIT if it is going to Close below $39.70.

 

EWW      MEXICO FUND       Money Wave Buy Signal today, but EWW will not be Bought or Logged as the Volume is below average of 2.3 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                

DIA      DOW 30 FUND      Wait for Money Wave Close > 20 with High Volume.       

SBUX      STARBUCKS CORP.      Wait for Money Wave Close > 20 with High Volume.

XLI      INDUSTRIAL FUND      Wait for Money Wave Close > 20 with High Volume.    

XLV      HEALTH CARE FUND      Wait for Money Wave 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               

AEHR      AEHR TESTING SYSTEMS       Money Wave must Close in the Green Zone.   

ASO      ACADEMY SPORTS & OUTDOORS      Wait for Money Wave Close > 20 with High Volume.

GEO      GEO GROUP INC.      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.   

SELLS TODAY           

YPF      YPF SOCIEDAD      Target was Hit at $8.75 for a 16.5 % Gain.  This trade was not logged.

________________________________________________________________________

DAY TRADING SETUPS.  A few Triple Buy Pops today: BBBY (+7%) LABU (+6%) TZA (+5%) SQQQ (+5%) & YPF (+10%). ( 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 $1.36 today at $75.65.

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 Dec 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 Security 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

– KIE

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