Markets were lower today as the Indices need to retest the recent lows. Bonds were also weak, causing selling. Bonds need to rally more to help the Tech Stocks (Techs don’t like high long term Interest Rates) . The Semiconductors are leading the way up. NVIDIA Earnings were good, but faded near the Close.
Many of the Leaders have lifted up out of the Green Zones (probably too late to Sell for the short term), so we need to wait on this pull back for a day or so. There will be more Buy Signals soon, coming up out of the Green Zones. CHARTS The best moves happen when the S&P 500 Index is also coming up out of the Green Zone.
__________________________________________________________________________
BUYS TODAY 8/24/2023 NONE TODAY
BUYS TOMORROW
W WAYFAIR INC. Wait for Daily 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
GE GENERAL ELECTRIC 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.
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.
SELLS TODAY
FSLY FASTLY INC. Target Was Hit at $21 for a 9.8 % Gain. This trade was not logged.
SMCI SUPER MICRO COMPUTER Gapped Up this morning and was Stopped out with a 3% Trailing Sell Stop Loss below it. (Stop was below $289.39).
________________________________________________________________________
DAY TRADING SETUPS. Day Trading Alerts are now being sent out on our new Discord Site with Live Chatting. Please install Discord app on your pc or cell for mobile notifications. Also follow our YouTube Live Stream for quick trades. Or look for Triple Buy Pops (3 Green Circles). Movers today: NVDA (+8%) SMCI (+6.5%) & IONQ (+8%). Try out the Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up today but are Below the Green Line.
Crude Oil was down $1.10 today at $78.54.
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, 2023
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
Related Post
– $W