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February 24, 2023

Money Wave Alert! Feb 24, 2023

ITB Chart
Money Wave Buy Signal today on the Home Building Fund (ITB).

Markets were lower again today, as another Inflation number came out stronger than expected. But the Leaders and Indices are coming back down to the Green Zones (probably too late to Sell for the short term) for more Buy Signals soon… And we like to Buy on Bad news.  The WATCH LIST has been growing (usually Bullish).

Now the Market is starting to have better pull backs, so we can make some better $$$ on Money Wave Buy Signals. Many of the  FOMO (Fear of Missing Out) investors spent most of their Cash in the January panic Buy. 

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   2/24/2023     

ITB      HOME BUILDING FUND      Money Wave Buy today. Target is $72.00. EXIT if it is going to Close below $65.83.

ISEE      IVERIC BIO     Money Wave Buy Signal today, but ISEE will not be Bought or Logged as the Volume is below average of 2.4 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                

ON      ON SEMICONDUCTOR CORP.      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             

ARDX      ARDELYX INC.      Buy above $3.09 with High Volume with a 3% Trailing Sell Stop Loss below it.     

BA      BOEING CO.      Wait for Money Wave Close > 20 with High Volume.       ITB      HOME BUILDING FUND

GILD     GILEAD SCIENCES INC.      Buy above $85.49 with High Volume with a 3% Trailing Sell Stop Loss below it. 

PDD      PINDUODUO      Wait for Money Wave Close > 20 with High Volume.

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             

EWW      MEXICO FUND        EXIT if it is going to Close below the Pink Line around $57.51. The Target was already Hit for a 4.3 % Gain.

TCOM      TRIP.COM GROUP       EXIT if it is going to Close below Support of $34.79. This trade was not logged.

________________________________________________________________________

DAY TRADING SETUPS.  Follow our YouTube Live Stream for quick trades. Or look for Triple Buy Pops (3 Green Circles). Movers today:   LABD (+6%)  SQQQ (+6%) & SOXS (+7%). Try out the New Side by Side layout.      

DAY TRADING FOR INDICES & LARGE CAPS CHARTS.

Bonds were down today and are Below the Green Line.  

Crude Oil was up $1.14 today at $76.54.

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.

 

HAVE A NICE WEEKEND!

Related Post

– ISEE

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