Markets were higher today as most of the Indices have gone higher than on Monday. Big Tech led the way, but the Indices are back up in the Red Zones (probably too late to Buy for the Short Term) and are over-bought. The strong US Dollar and Interest Rates should go up once more to re-test the Highs, and Tech Stocks probably won’t like that.
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.
BUYS TODAY 8/3/2022
TBT INVERSE T-BOND 2X FUND Money Wave Buy today. Target of $29. Exit if drops below the support of $23.34.
UUP US DOLLAR FUND Money Wave Buy today. Target of $29.15. Exit if drops below the support of $28.12.
BUYS TOMORROW – SWING TRADING STOCKS
UNG US NATURAL GAS FUND Money Wave must Close in the Green Zone.
USO US OIL FUND Wait for Money Wave to Close > 20 with High Volume. (2nd Buy Signal soon).
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.
BTU PEABODY ENERGY Wait for Money Wave to Close > 20 with High Volume.
LLY ELI LILLY & CO. Wait for Money Wave to Close > 20 with High Volume.
VERU VERU INC. Buy above $12.53 with High Volume with a 5% Trailing Sell Stop Loss.
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).
OXY OCCIDENTAL PETROLEUM CORP EXIT if it is going to Close below the Pink Line of $63.31 for a 11% Gain.
XLE ENERGY SELECT SECTOR FUND EXIT if it is going to Close below the Pink Line of $74.60 for a 9% Gain.
XOM EXXON MOBIL EXIT if it is going to Close below the Pink Line of $91.59 for a 7% Gain. This trade was not logged.
DAY TRADING SETUPS. A few Triple Buy Pops today: AMC (+7%) LABU (+14%) & TQQQ (+8%). 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 $2.93 at $91.51.
MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
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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