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August 5, 2022

Money Wave Alert! Aug 5, 2022

The Target was hit today on BELLUS Health (BLU) at $10.75 for a 10.4% Gain.

Markets were mixed again today as most of the Indices are back up near the Green Lines. The S&P 500 has major Resistance at 4178, and reached 4168 this week.  Big Tech has been leading 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 Oil Stocks are quickly becoming over-sold for a probable bounce soon.

The strong US Dollar and Interest Rates both popped up today and should go up once more to re-test the Highs, which could cause some profit taking.

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   8/5/22     

VERU      VERU INC.    Crossed up above $12.53, but VERU will not be bought or logged as the Volume was below the average of 8 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   

BTU      PEABODY ENERGY    Wait for Money Wave to Close > 20 with High Volume.

XLE      ENERGY SELECT SECTOR FUND    Wait for Money Wave to 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      

DBC      INVESCO COMMODITY FUND    Wait for Money Wave to Close > 20 with High Volume.

LLY      ELI LILLY & CO.    Wait for Money Wave to Close > 20 with High Volume.

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).

VET      VERMILION ENERGY INC    Wait for Money Wave to 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    8/5/22

BLU      BELLUS HEALTH INC    Target was hit at $10.75 for a 10.4% Gain. This trade was not logged. ______________________________________________________________________________________________________________________

DAY TRADING SETUPS.  A few Triple Buy Pops today: AMC (+14%) AMTD (+24%) LABD (+12%) & SIGA (+20%). Try out the New Side by Side layout. 

DAY TRADING FOR INDICES & LARGE CAPS CHARTS.

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

Crude Oil was up $1.17 to $89.72.

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 2 Comments Tagged With: premium

Comments

  1. merryme says

    August 5, 2022 at 2:50 pm

    Awesome move today on BLU.

    Log in to Reply
    • AbovetheGreenLine says

      August 5, 2022 at 3:02 pm

      Thanks Mary!

      Have a great weekend!

      Log in to Reply

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

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