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October 24, 2023

Money Wave Alert! Oct 24, 2023

QQQ Chart
Swing Trade Buy Signal today on NASDAQ 100 Fund (QQQ).

Markets were higher again today as the S&P 500 Fund bounced up off the Green Line. Bonds were up again today on Short Covering and Bottom Fishing.

The strongest Stocks and Indices are trying to bounce up , but the Volume is not high until Bonds have a good 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).

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   10/24/2023     

QQQ      NASDAQ 100 Fund       Money Wave Buy Signal today. Target is $387.  EXIT if it is going to Close below $351.12.

SMH      SEMICONDUCTOR FUND      Money Wave Buy Signal today. Target is $159.  EXIT if it is going to Close below $139.96.

 

DELL      DELL TECHNOLOGIES      Money Wave Buy Signal today, but DELL will not be Bought or Logged as the Volume is below average of 5.3 MIL.  

VRT      VERTIV HOLDINGS      Money Wave Buy Signal today, but VRT will not be Bought or Logged as it is already up 4.6% today. Maybe you got some early on the Triple Buy Signal.

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

BUYS TOMORROW                  

AAOI       APPLIED OPTOELECTRONICS        Buy above $7.95 with High Volume with a 3% Trailing Sell Stop Loss below it. 

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

LLY      ELI LILLY & CO.      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                    

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

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      

CCCS       CCC INTELLIGENT SOLUTIONS      EXIT if it is going to Close below Support of $12.22.  This trade was not logged.

USO      US OIL FUND      Slipped below the Buy Price and was Stopped Out even. (Don’t Take a Loss!)

________________________________________________________________________

DAY TRADING SETUPS.  Today 4 trades for $320. 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:  MNSO (+10%) MARA (+20%) & RIOT (+14%). 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 $1.74 today at $83.75.

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.   

Related Post

– QQQ
– Money Wave Alert! Oct 23, 2023

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