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April 12, 2024

Money Wave Alert! Apr 12, 2024

SPX chart
The S&P 500 is finally back down to the 50-day average $SPX.

SWING TRADING (SHORT TERM)
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4/12/2024  Markets were sharply lower today on negative News on Earnings and Inflation. The FEAR Index shot up 12 % as the HERD is realizing that there is too much Money in the Economy, from massive Gov’t. borrowing. This means that FED lowering of Rates could be postponed (lowering would fuel more Inflation). We like to Buy on FEAR.

The S&P 500 & NASDAQ 100 need to bounce up off the Red Line (50-day avgs.) to remain Bullish.

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   4/12/2024          

BUYS TOMORROW              

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

DELL       DELL TECH.       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                 

CLS      CELESTICA INC.      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     

CVNA      CARVANA CO.      Lower Sell Stop Loss below the Red Line at $73.36 until it bottoms. It still has 98 Relative Strength.     

CYTK      CYTOKINETICS      EXIT if it is going to Close below the Pink line around  $72.45.

DELL       DELL TECH.      EXIT if it is going to Close below the Pink line around $124.31. Target was Hit at $124 for a 15.3% Gain

HIMS      HIMS & HERS HEALTH      Lower Sell Stop Loss below the Red Line at $13.36 until it bottoms. It still has 98 Relative Strength.     

IBRX      IMMUNITY BIO       Slipped below the Buy Price and was Stopped Out even. The Target was already Hit at $6.25 for a 16.4% Gain.

JMIA      JUMIA TECH        Lower Sell Stop Loss below the Green Line Line at $4.23 until it bottoms.

________________________________________________________________________

DAY TRADING SETUPS.  Today 5 trades for $977.00. 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 Trading Room for quick trades. Or look for Triple Buy Pops (3 Green Circles). Big Movers today:  VIXY (+12%) LABD (+11%) & SOXS  (+10%).

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 up $0.42 today at $85.44.

MY TRADING DASHBOARD 
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
TRADE ALERTS
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 Apr 1, 2024  

* 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).       

 

HAVE A NICE WEEKEND!

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– GPS

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