Markets “Gapped Up” about 800 DOW points this morning on Good News, and then went negative for a while. What a wild day. There were several more Buy Signals today, but the Volume was not good on most. More Buy Signals soon for a quick bounce to re-test last week’s highs.
The US Dollar and long term Interest Rates have corrected back down towards the Green Lines causing Stocks to rally. The US Dollar Fund (UUP) and Inverse T-Bond Fund (TBT) should bounce back up for Buy Signals soon.
Please be patient and wait for Buy Signals for that are still Above the Green Lines. BUYS SOON – CHARTS The best moves happen when the S&P 500 Index is also coming up out of the Green Zone (like yesterday).
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BUYS TODAY 12/13/2022
FSLR FIRST SOLAR INC. Money Wave Buy today. Target is $171. EXIT if it is going to Close below $148.56.
FTI TECHNIPFMC PLC Money Wave Buy today, but FTI will not be Bought or logged as the Volume is below average of 8.6 MIL.
KIE INSURANCE FUND Money Wave Buy today, but KIE will not be Bought or logged as the Volume is below average of 1.4 MIL.
YPF YPF SOCIEDAD (ENERGY) Money Wave Buy today, but YPF will not be Bought or logged as the Volume is below average of 2.1 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
XME METALS & MINING FUND Relative Strength has dropped below 90. AVOID.
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
MANU MANCHESTER UNITED LTD. Wait for Money Wave Close > 20 with High Volume.
TBT INVERSE T-BOND FUND Buy above $28.81 with High Volume with a 5% Trailing Sell Stop Loss below it.
Please be patient and Wait for Money Wave Buy Signals. We will email you when they are ready. Follow on the WATCH LIST.
SELLS TODAY
DIA DOW 30 FUND Target was Hit on the Open of $348.18 for a 2.2 % Gain.
TSLQ INVERSE TESLA FUND Target was Hit at $63 for a 9.7 % Gain. This trade was Not Logged.
XLU UTILITIES FUND Crossed back above the Buy Price of $72.86 and then was Stopped Out even. (Don’t Take a Loss!)
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DAY TRADING SETUPS. A few Triple Buy Pops today: LABU (+6%) RBLX (+5%) TARK (+12%) & SOXL (+10%). ( 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 $2.28 today at $75.45.
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 Dec 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 Security 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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