Markets were lower again today on continued mild Selling. The Tech Stocks were weak and probably won’t rally until the US Dollar Fund (see above) peaks. The Dollar has gone up on expectations of the FED tightening and raising short term Interest Rates again.
Indices are over-sold for the short term. The major Indices are still weak, but have corrected down near the Green Zones (probably too late to Sell for the short term).
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 8/30/2022 NONE TODAY
BUYS TOMORROW – SWING TRADING STOCKS
APLS APELLIS PHARMA. Buy above $59.68 with High Volume with a 5% Trailing Sell Stop Loss below it.
SIGA SIGA TECH. 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
AEHR AEHR TEST SYSTEMS Wait for Money Wave Close > 20 with High Volume.
ASTS AST SPACEMOBILE INC. Money Wave must Close in the Green Zone.
VERU VERU INC. Wait for Money Wave Close > 20 with High Volume.
XLU UTILITY 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).
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SELLS TODAY
BTU PEABODY ENERGY EXIT if it is going to Close below the Pink Line around $26.37. The Target was already Hit for a 19.6 % Gain.
ET ENERGY TRANSFER EXIT if it is going to Close below the Pink Line around $12.03. The Target was already Hit for a 2 % Gain.
USO US OIL FUND EXIT if it is going to Close below the Pink Line around $75.61.
XLE ENERGY STOCK FUND EXIT if it is going to Close below the Pink Line around $81.26. The Target was already Hit for an 11.6% Gain.
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DAY TRADING SETUPS. A few Triple Buy Pops today: BBBY (+12%) SQQQ (+5%) & SOXS (+5%). ( 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 $5.00 to $92.01.
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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