Markets were lower again today on continued FEAR Selling about the FED Tightening. The major Indices are quickly back down in the Green Zones (probably too late to Sell for the short Term) for bounces soon. Eventually the Fed will slow the Economy down so much that they will change their “hawkish” talk and stop Tightening, where Stocks should rally further.
We are waiting for the US Dollar Fund (UUP) and Inverse T-Bond Fund (TBT) to bounce back with 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.
BUYS TODAY 12/16/2022
LLY ELI LILLY & CO. Money Wave Buy today. Target is $373. EXIT if it is going to Close below $355.17.
GEO GEO GROUP INC. Money Wave must Close in the Green Zone.
SBUX STARBUCKS CORP. Wait for Money Wave Close > 20 with High Volume.
XLI INDUSTRIAL FUND Money Wave must Close in the Green Zone.
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.
AEHR AEHR TESTING SYSTEMS Money Wave must Close in the Green Zone.
KIE INSURANCE FUND 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.
FSLR FIRST SOLAR INC. Slipped below the Buy Price and was Stopped Out even. (Don’t Take a Loss!)
KIE INSURANCE FUND LOWER Sell Stop Loss below $39.97. KIE is back down in the Green Zone for Buy Signal again. This trade was not logged.
DAY TRADING SETUPS. A few Triple Buy Pops today: LABD (+5%) TZA (+8%) SQQQ (+5%) & SOXS (+6%). ( 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 down $1.84 today at $74.27.
MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
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.
HAVE A NICE WEEKEND!
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