Markets were mixed to slightly higher today as the Indices are still trying to bounce up off the Pink Lines (10-day avgs.) to avoid short term Sell Signals. If the Indices can bounce, then they need to make higher highs. The FOMO Buying (Fear Of Missing Out) seems to have run out of money, at least short term. 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 still small, so be cautious now.
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.
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BUYS TODAY 8/18/2022
GO GROCERY OUTLET HOLDINGS Moved above $42.09 today, but GO will not be Bought or Logged as the Volume was below average.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
BUYS TOMORROW – SWING TRADING STOCKS
BE BLOOM ENERGY CORP. Money Wave must Close in the Green Zone.
DSX DIANA SHIPPING Wait for 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
EVH EVOLENT HEALTH INC. Money Wave must Close in the Green Zone.
FOLD AMICUS THERA. Money Wave must Close in the Green Zone.
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).
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SELLS TODAY
SIGA SIGA TECNOLOGIES EXIT if it is going to Close below the Pink Line around $23.95. The Target was already for a 12.2 % Gain.
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DAY TRADING SETUPS. A few Triple Buy Pops today: HUSA (+17%) & SOXL (+9%). 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 up $2.56 to $90.57.
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 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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