Markets were lower today on mild profit taking and more low Volume. The CPI number today was slightly lower than expected, but Inflation was still at 5%. The stronger Big Techs & NASDAQ 100 Index are coming down for Buy Signals soon after making higher highs last week, which is Bullish.
Many can’t decide if the Economy is strong, or weak. The FED says the Economy is strong with 3.5% Unemployment, but long term T-Bonds say it is weak (Yielding only 3.63%). Smart Money usually follows the Bond Market, as the FED is usually wrong (maybe on purpose?)
Please be patient and wait for Buy Signals for that are still Above the Green Lines. SOON – CHARTS The best moves happen when the S&P 500 Index is also coming up out of the Green Zone.
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BUYS TODAY 4/12/2023
RIG TRANSOCEAN INC. Money Wave Buy Signal today, but RIG will not be Bought or Logged as the Volume is below average of 23 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
ETNB 98 BIO INC. Wait for Money Wave Close > 20 with High Volume.
HIMS HIMS & HERS HEALTH Wait for 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
PYXS PYXIS ONCOLOGY Buy above $4.22 with High Volume with a 3% Trailing Sell Stop Loss below it.
YEXT YEXT INC. Wait for 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.
SELLS TODAY
AVGO BROADCOM INC. EXIT if it is going to Close below Support of $618.86. This trade was Not Logged.
BA BOEING CO. EXIT if it is going to Close below the Pink Line around $211.68. The Target was already Hit for a 6.2% Gain.
SVC SERVICE PROPERTIES TRUST EXIT if it is going to Close below your Buy Price of $9.56. This trade was Not Logged.
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DAY TRADING SETUPS. We have a new Discord Site for Live Chatting. Follow our YouTube Live Stream for quick trades. Or look for Triple Buy Pops (3 Green Circles). Movers today: SOXS (+5%) MARA (+7) & KOLD (+11%). Try out the Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were down today and are Below the Green Line.
Crude Oil was up $1.75 today at $83.28.
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 Apr 1, 2023
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.
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