Markets were slightly higher again today on very low summer Volume. Investors are hoping that Inflation has peaked, and now they have FOMO again (Fear Of Missing Out). Many of the Indices are back Above the Green Lines, but are currently over-bought (way above the 50-day averages).
The WATCH LIST below is small, which confirms that the Markets need to rest. But first the Markets are blowing out the Short Sellers who listened to the Media in June, and didn’t know where the Green Lines were.
Please be patient and wait for Buy Signals for Investments that are still Above the Green Lines. BUYS SOON – CHARTS The best moves are when the S&P 500 Index is also coming up out of the Green Zone.
BUYS TODAY 8/15/2022 NONE TODAY
BUYS TOMORROW – SWING TRADING STOCKS
CTIC CTI BIOPHARMA Wait for Money Wave Close > 20 with High Volume.
GME GAMESTOP CORP. Money Wave must Close in the Green Zone.
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.
GO GROCERY OUTLET HOLDINGS 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.
The Leaders are Way Above the Green Lines (all Investments eventually return to their Green Lines).
XLP CONSUMER STAPLES FUND Target was Hit at $76 for a small loss, or have a tight Sell Stop Loss below it. XLP has rallied 12 % from the Lows, so we are raising CASH.
DAY TRADING SETUPS. A few Triple Buy Pops today: AMTD (+10%) VERU (+6%) & VIX (+6%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were mixed today and are Way Below the Green Line.
Crude Oil was down $2.72 to $89.37.
MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
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, 2022
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 Investment 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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