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August 24, 2022

Money Wave Alert! Aug 24, 2022

PLUG Chart
Money Wave Buy Signal today on Plug Power (PLUG).

Markets were slightly higher today as the Indices are over-sold for the short term. The Indices have corrected down to the Green Zones (probably too late to Sell for the short term), but no Buy Signals yet on the Indices. The strong US Dollar and long term Interest Rates are hurting the Big Techs from rallying,

The Wave 4 down correction should be over soon, and then the Wave 5 up rally should begin.  Several of the Leaders had Buy Signals today, but the Buying Volume was poor. Normally you wants lots of Buying for a rally to go far.

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 (LIKE NOW).  

_________________________________________________________________________________________________________________

BUYS TODAY   8/24/2022      

PLUG      PLUG POWER INC.    Money Wave Buy today. Target is $30, EXIT if it is going to Close below Support of $25.47. Caution,  PLUG is already up 5% today on lower Volume.

 

BE      BLOOM ENERGY CORP.      Money Wave Buy today, but BE will not be Bought or Logged as it is already up 5% today on lower Volume.

ICLN      CLEAN ENERGY FUND    Money Wave Buy today, but ICLN will not be Bought or Logged as the Volume is 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   

 SIGA      SIGA TECH.     Wait for Money Wave Close > 20 with High Volume. 

VERU      VERU INC.      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       

FOLD      AMICUS THERA.      Money Wave must Close in the Green Zone.     

XLU      UTILITIES FUND      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).  

_____________________________________________________________________________________________________________________

SELLS TODAY    

ENVX      ENOVIX CORP.      The Target Hit at $24 for an 12.5 % Gain.  This trade was not logged.

__________________________________________________________________________________________________________

DAY TRADING SETUPS.  A few Triple Buy Pops today: AMTD (+8%) BBBY (+25%) BNGO (+9%) & LABU(+8%). Try out the New Side by Side layout. 

DAY TRADING FOR INDICES & LARGE CAPS CHARTS.

Bonds were down again today and are Way Below the Green Line.  

Crude Oil was up $1.32 to $95.06.

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. 

Posted By AbovetheGreenLine at 2:45 pm Leave a Comment Tagged With: premium

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Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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