SWING TRADING (SHORT TERM)
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8/02/2024 Markets are dumping now on the FEAR Flush that we warned you about about last month (return to the Green Line). Dumb Money panic bought in July on FOMO, and now Smart Money is Buying their stocks on SALE. Smart Money Sells on GREED, & Buys on FEAR. What do you do?
We are lowering Sell Stops now, and not Selling anything on this Emotional FEAR Flush. The HERD gets scared by the Media and has already forgotten that the FED promised to Cut Rates next month.
Stocks fell sharply on Friday with the S&P 500 headed for its worst session in roughly two years, as a much weaker-than-anticipated jobs report for July ignited worries that the economy could be falling into a recession. Stocks sank after July job growth in the U.S. slowed more than expected, while the employment rate rose to the highest since October 2021. Nonfarm payrolls grew by just 114,000 last month, the Labor Department reported, a slowing from 179,000 jobs added in June and below the 185,000 expected by economists polled by Dow Jones.
Wait for more Buy Signals coming up out of the Green Zones. CHARTS The best moves happen when the S&P 500 Index is also coming up out of the Green Zone. ______________________________________________________________________________
BUYS TODAY 8/02/2024
NONE TODAY
BUYS TOMORROW
EBS EMERGENT BIOSOLUTIONS INC. Wait for daily money wave to close > 20 with high volume.
HOOD ROBINHOOD MARKETS INC. Wait for daily money wave to close > 20 with high volume.
HUT HUT 8 MINING CORP. Wait for daily money wave to close > 20 with high volume.
WULF TERAWULF INC. Wait for daily 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
COIN COINBASE GLOBAL INC. Wait for daily money wave to close > 20 with high volume.
HIMS HIMS & HERS HEALTH INC. Wait for daily money wave to close > 20 with high volume.
JMIA JUMIA TECHNOLOGIES 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.
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 Security has already popped up too much. Money Wave Buy Signals are usually good for a 3-6 % move in a few days.
SELLS TODAY
SE SEA LTD. EXIT if closes below the green line ($60.27).
SMMT SUMMIT THERAPEUTICS PLC EXIT if closes below the pink line ($10.53). Target was already hit at $9.00 for 19% gain.
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DAY TRADING SETUPS. Today 25 trades for $5055 at our Trading Room. Day Trading Alerts are now being sent out on our Discord Site with Live Chatting. Please install Discord app on your PC or cell for mobile notifications.
Or look for Triple Buy Pops (3 Green Circles). Big Movers today: SOXS +19%, TSLQ +10%, LABD +9%.
NEW! BANANA HUNT TRADING CHARTS.
Bonds were up today and are Above the Green Line.
Crude Oil was down $3.05 today at $73.26.
MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
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STAGE CHART INVESTING
GREEN LINE CHARTS AT STOCKCHARTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
GREEN LINE RULES
ETF SECTOR ROTATION SYSTEM
New TOP 100 LIST Updated Jul 1, 2024
Important Links
Top 100 Stage Chart Investing CNN Fear & Greed Index
Dividend Growth Portfolio ETF Sector Portfolio Dogs of the Dow
Long Term Strategy Stage Chart Investing Articles
* Safer Trades that meet ALL three criteria will be classified as 3 STAR, while trades that only meet two of the three criteria will be flagged as 2 STAR (more risk).
Have a great weekend!
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– HOOD