Markets were mostly higher today as some of the Big Tech stocks surged up on Short Covering. Bonds were slightly lower, but are near Support. They need to rally soon to help the Tech Stocks (Techs don’t like high long term Interest Rates) . Bonds bounced at this Support in Oct 2022, and then the S&P 500 rallied 15%. The Semiconductors are holding up better this time.
Many of the Leaders are back down in the Green Zones (probably too late to Sell for the short term), and should be finished with this Wave 4 correction soon. 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.
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BUYS TODAY 8/21/2023
META META PLATFORMS INC. Money Wave Buy Signal today, but META will not be Bought or Logged as the Volume is below average of 25 MIL.
SOFI SOFI TECH INC. Money Wave Buy Signal today, but SOFI will not be Bought or Logged as the Volume is below average of 51.5 MIL.
XPEV XPENG INC. Squirted up 12 % today. AVOID. Maybe you got some earlier on the Triple Buy Signal,
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
BUYS TOMORROW
AMZN AMAZON.COM INC. Wait for Daily Money Wave Close > 20 with High Volume.
GE GENERAL ELECTRIC Wait for Daily Money Wave Close > 20 with High Volume.
SMCI SUPER MICRO COMPUTER Buy above $272.70 with High Volume with a 3% Trailing Sell Stop Loss below it.
UBER UBER TECH. Buy above $44.88 with High Volume with a 3% Trailing Sell Stop Loss below it.
W WAYFAIR INC. 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
CCL CARNIVAL CORP. 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.
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 NONE TODAY
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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: AAOI (+20%) IONQ (+8%) & XPEV (+11%). Try out the Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were down today but are Below the Green Line.
Crude Oil was down $0.53 today at $80.13.
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, 2023
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.