Markets were higher today as the Indices were over-sold for the short term. The major Indices are still weak, but have corrected down to the Green Zones (probably too late to Sell for the short term), and should have Money Wave Buy Signals tomorrow.
This Market is unusual as the Leading investments with Relative Strength like Oil, Dollar, Energy Stocks & Commodities are over-bought and back up in the Red Zones. Maybe the strong US Dollar and long term Interest Rates are going to fail up here, which could help the Big Techs stocks and Indices,
The Wave 4 down correction should be over soon, and then the Wave 5 up rally should begin. Several of the Leaders have already 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).
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BUYS TODAY 8/25/2022
XLU UTILITIES FUND Money Wave Buy today, but XLU will not be Bought or Logged as the Volume is way below average of 12 MIL.
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
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
APLS APELLIS PHARMA. Money Wave must Close in the Green Zone.
SIGA SIGA TECH. 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).
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SELLS TODAY
DSX DIANA SHIPPING EXIT if it is going to Close below Support of $5.32. This trade was not logged.
PLUG PLUG POWER INC. The Target was Hit at $30 (opened at $31.17) for a 13.2 % Gain in one day.
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DAY TRADING SETUPS. A few Triple Buy Pops today: AMTD (+6%) CCL (+6%) BNGO (+6%) & SOXL (+9%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up today but are Way Below the Green Line.
Crude Oil was down $1.65 to $93.24.
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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