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August 17, 2023

Money Wave Alert! Aug 17, 2023

TLT Chart
T-Bonds (TLT) are having a Selling Climax like in Oct. 2022.

Markets dumped down again today as Bonds continued lower, causing higher long term Interest Rates. Bonds are near the Support of Oct 2022, and then they bounced and the S&P 500 rallied 15%. The Semiconductors are holding up better this time. The Leaders have come down from the highs to Buy again soon..

Many of the Leaders are back down in the Green Zones (probably too late to Sell for the short term). There will be 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 (Like now). 

__________________________________________________________________________

BUYS TODAY   8/17/2023           

FSLY      FASTLY INC.      Money Wave Buy Signal today, but FSLY will not be Bought or Logged as the Volume was below average of 3 MIL. 

BUYS TOMORROW                 

META      META PLATFORMS INC.      Wait for Daily Money Wave Close > 20 with High Volume. 

PLTR      PALANTIR TECH.      Buy above $15.87 with High Volume with a 3% Trailing Sell Stop Loss below it.  

SMCI      SUPER MICRO COMPUTER      Buy above $272.70 with High Volume with a 3% Trailing Sell Stop Loss below it.   

SOFI      SOFI TECH INC.      Wait for Daily Money Wave Close > 20 with High Volume.   

UBER      UBER TECH.      Buy above $44.88 with High Volume with a 3% Trailing Sell Stop Loss below it.

XPEV       XPENG INC.    Buy above $16.59 with High Volume with a 3% Trailing Sell Stop Loss below it.

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                      

CCL      CARNIVAL CORP.      Wait for Daily Money Wave Close > 20 with High Volume.

RIOT      RIOT PLATPORMS      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               

GE      GENERAL ELECTRIC      EXIT if it is going to Close below Support of $111.55. This trade was not logged.

QQQ      NASDAQ 100 FUND      LOWER the Sell Stop below $355 until it bottoms. The Money Wave is back down in the Green Zone.    

SPY      S&P 500 Fund        LOWER the Sell Stop below $434 until it bottoms.  The Money Wave is back down in the Green Zone.       

XLK      TECH FUND      LOWER the Sell Stop below $162.50 until it bottoms.  The Money Wave is back down in the Green Zone.    

_________________________________________________________________________

DAY TRADING SETUPS.  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). Movers today:   VIX (+8%) LABD (+7%) & PINS (+5%). 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 $0.75 today at $80.13.

MY TRADING DASHBOARD 
SWING TRADING CURRENT POSITIONS
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GREEN LINE CHARTS AT STOCKCHARTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
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New TOP 100 LIST Updated Aug 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

– SOFI
– Money Wave Alert! Aug 16, 2023

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