Money Wave Alert! Dec 23, 2022

Merry Christmas! Markets will be Closed on Monday Dec. 26th for the Christmas Holiday. 

Markets were slightly higher today on low Holiday Volume. There were several Money Wave Buy Signals this week, but the Buying was not robust. Long term Interest Rates have risen from 3.4% to 3.74%, which will increase mortgage rates that have pulled back. The DOW 30 Index held up the best on this recent decline, but there seems to be a lot of year end Tax Selling going on with many of the destroyed stocks this year.

Markets have been going down to force the FED to back off on Tightening. Eventually the Fed will see how Inflation has slowed down and they will change their “hawkish” talk and stop Tightening. Then Stocks should rally further.

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. 

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BUYS TODAY   12/23/2022      

ASO      ACADEMY SPORTS & OUTDOORS     Money Wave Buy Signal today. Target is $56.50.  EXIT if it is going to Close below $49.31.

BUYS TOMORROW                

BIVI      BIOVIE INC.      Wait for Money Wave Close > 20 with High Volume. 

NTNX      NUTANIX INC.     Wait for Money Wave 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               

AEHR      AEHR TESTING SYSTEMS       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.   

SELLS TODAY      NONE TODAY       

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DAY TRADING SETUPS.  A few Triple Buy Pops today:  LABD (+8%) VIXY (+5%) & SOXS (+5%). ( 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 $2.03 today at $79.52.

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. 

 

HAVE A NICE CHRISTMAS WEEKEND!