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October 20, 2023

Money Wave Alert! Oct 20. 2023

QQQ Chart
The NASDAQ 100 Fund (QQQ) is back down in the Green Zones for another Buy Signal Soon.

Markets were lower again today, but Bonds finally quit going down. The strongest Stocks and Indices are not going to bounce up good until Bonds bottom. The high Interest Rates from low Bond prices have created FEAR, and that is when we like to BUY. We just have to Wait for Dumb Money to get Flushed out on FEAR (that they are panic Selling now).

When Bonds finally have a good Double Bottom, maybe Buy more of the Leaders that we bought last week.

Wait for 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   10/20/2023     NONE TODAY   

BUYS TOMORROW                  

AAOI       APPLIED OPTOELECTRONICS        Buy above $8.67 with High Volume with a 3% Trailing Sell Stop Loss below it. 

DELL      DELL TECHNOLOGIES      Wait for Daily Money Wave Close > 20 with High Volume. (2nd Buy Signal)   

JBL      JABIL INC.      Wait for Daily Money Wave Close > 20 with High Volume.

IMGN      IMMUNOGEN INC.     Buy above the Pink Line around $15.36 with High Volume with a 3% Trailing Sell Stop Loss below it.     

QQQ      NASDAQ 100 Fund      Wait for Daily Money Wave Close > 20 with High Volume. (2nd Buy Signal) 

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                    

IONQ      IONQ INC.     Wait for Daily Money Wave Close > 20 with High Volume.     

NVDA      NVIDIA CORP.      Wait for Daily Money Wave Close > 20 with High Volume.       

SMH      SEMICONDUCTOR FUND       Wait for Daily 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.   

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      NONE TODAY

________________________________________________________________________

DAY TRADING SETUPS.  Today 6 trades for $840. 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). Big Movers today:  GBTC (+4.5%) SOXS (+4%) & TSLQ (+4%). Try out the Side by Side layout.      

DAY TRADING FOR INDICES & LARGE CAPS CHARTS.

Bonds were up today and are Below the Green Line.  

Crude Oil was down $0.12 today at $88.25.

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 Oct 1, 2023

We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.   

 

HAVE A NICE WEEKEND!

Related Post

– IMGN

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