Markets were up in the morning but ended up mixed as most of the Indices are back up near the Resistance of the Green Lines. The S&P 500 went 9 points above Resistance of 4178, but the Volume was low and Buyers gave up. Speculation has really picked up on the weak stocks coming off the bottom, as investors are hoping that the Markets have bottomed. But the Indices are back up in the Red Zones (probably too late to Buy for the Short Term) and are over-bought (so be careful now).
The strong Oil and Commodities Stocks are over-sold and trying to bounce, but the Volume is low as many don’t believe.
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.
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BUYS TODAY 8/8/2022
USO US OIL FUND Money Wave Buy Signal today. Target is $86. EXIT if it is going to Close below $69.51. (2nd Buy Signal soon).
DBC INVESCO COMMODITY FUND Money Wave Buy today, but DBC will not be bought or logged as the Volume was below the average of 4.3 MIL.
VET VERMILION ENERGY INC Money Wave Buy today, but VET will not be Bought or Logged as the Volume is below average of 2.8 MIL.
XLE ENERGY SELECT SECTOR FUND Money Wave Buy today, but XLE will not be bought or logged as the Volume was below the average of 31 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 Buy above $20.02 with High Volume with a 5% Trailing Sell Stop Loss below it.
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
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.
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 8/8/2022
PBR PETROBRAS ENERGY Target was Hit at $14.75 for a 20 % Gain in the Long Term Portfolio. ______________________________________________________________________________________________________________________
DAY TRADING SETUPS. A few Triple Buy Pops today: AMC (+18%) MARA (+8%) LABU (+9%) LCID (+7%) & SOXS (+8%). Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were up today and are Way Below the Green Line.
Crude Oil was up $1.65 to $90.66.
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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