SWING TRADING (SHORT TERM)
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8/06/2024 Stocks jumped Tuesday, recovering some some losses from the previous trading session. The S&P 500 traded 2.1% higher. The Dow Jones Industrial Average rose over 500 points, and the tech-heavy Nasdaq Composite gained over 2%. All eleven sectors of the broad market index were positive for the day, with tech up nearly 2%. Several mega-cap tech stocks also rebounded after a sharp pullback on Monday. Nvidia rose 6%, while Meta Platforms advanced more than 5%.
Dumb Money panic bought in July on FOMO, and now Smart Money is Buying their stocks on SALE. Smart Money Sells on GREED, & Buys on FEAR. What do you do?
We are lowering Sell Stops now, and not Selling anything on this Emotional FEAR Flush. The HERD gets scared by the Media and has already forgotten that the FED promised to Cut Rates next month.
Wait for more Buy Signals 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 8/06/2024
KBE S&P BANK FUND Swing trade buy but the volume is not high (2-star trade).
BUYS TOMORROW
BCS BARCLAYS PLC Wait for daily money wave to close > 20 with high volume.
EBS EMERGENT BIOSOLUTIONS INC. Wait for daily money wave to close > 20 with high volume.
HIMS HIMS & HERS HEALTH INC. Wait for daily 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
GLNG GOLAR LNG LTD Money wave must close in the green zone.
ITB HOME CONSTRUCTION ETF Money wave must close in the green zone.
LC LENDING CLUB CORP. Wait for daily money wave to close > 20 with high volume.
NWG NATWEST GROUP PLC Wait for daily money wave to 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
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DAY TRADING SETUPS. Today 7 trades for $1,523 at our Trading Room. Day Trading Alerts are now being sent out on our Discord Site with Live Chatting. Please install Discord app on your PC or cell for mobile notifications.
Or look for Triple Buy Pops (3 Green Circles). Big Movers today: LUMN +80%, SERV +24%, CORZ +19%.
NEW! BANANA HUNT TRADING CHARTS.
Bonds were down today and are Above the Green Line.
Crude Oil was up $0.42 today at $73.34.
MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
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STAGE CHART INVESTING
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, 2024
Important Links
Top 100 Stage Chart Investing CNN Fear & Greed Index
Dividend Growth Portfolio ETF Sector Portfolio Dogs of the Dow
Long Term Strategy Stage Chart Investing Articles
* Safer Trades that meet ALL three criteria will be classified as 3 STAR, while trades that only meet two of the three criteria will be flagged as 2 STAR (more risk).
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– KBE