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February 1, 2023

Money Wave Alert! Feb 1, 2023

SPX Chart
The S&P 500 Index was able to make a higher high and break 4100.

Markets were higher today as the Indices are retesting last week’s highs again. The S&P 500, Small Caps, and NASDAQ 100 Indices made slightly higher highs as the FED only raised short term Interest Rates 1/4 point this time. The Leaders and Indices are back up in the Red Zones (probably too late to Buy for the short term). The Market has not pulled back yet enough recently to get any good Money Wave Buy Signals (Greed is too High).. 

Please be patient and wait for Buy Signals for that are still Above the Green Lines.  SOON – CHARTS  The best moves happen when the S&P 500 Index is also coming up out of the Green Zone. 

_________________________________________________________________________________________________________________

BUYS TODAY   2/1/2023    

ARDX      ARDELYX INC.     Money Wave Buy Signal today, but ARDX will not be bought or Logged as the Volume is below average of 9.5 MIL.

GDX      GOLD MINERS FUND     Money Wave Buy Signal today, but GDX will not be bought or Logged as the Volume is below average of 25 MIL.

UAL      UNITED AIRLINES INC.     Money Wave Buy Signal today, but UAL will not be bought or Logged as the Volume is below average of 8.6nMIL.

BUYS TOMORROW                

ROIV      ROIVANT SCIENCES LTD      Buy above $8.79 with High Volume with a 3% Trailing Sell Stop Loss below it.     

TCOM      TRIP.COM GROUP      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            

TSLQ      INVERSE TESLA FUND      Wait for Money Wave Close > 20 with High Volume. (2nd Buy Signal soon).     

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      

ISEE      IVERIC BIO INC.     The Target was Hit at $23 for a 13.4 % Gain. This trade was not logged.

TAL      TAL EDUCATION GROUP      EXIT if it is going to Close below Support of $7.31. This trade was not logged.     

TSLQ      INVERSE TESLA FUND      LOWER the Sell Stop Loss below $47.50. Tesla Common Stock is still Below the Green Line with only 10 Relative Strength. Volume is also lower on TSLA, this time up.

________________________________________________________________________

DAY TRADING SETUPS.  Follow our YouTube Live Stream for quick trades. Or look for Triple Buy Pops (3 Green Circles). Movers today:  AMD (+12%) SMMT (+14%) SOXL (+16%) & TARK (+8%).  ( Try out the New Side by Side layout.      

DAY TRADING FOR INDICES & LARGE CAPS CHARTS.

Bonds were up today but are Below the Green Line.  

Crude Oil was up $1.98 today at $76.89.

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 Feb 1, 2023

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.

Posted By AbovetheGreenLine at 2:49 pm Leave a Comment Tagged With: premium

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SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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